(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Not Applicable | ||
(Former name or former address, if changed since last report) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Item 7.01 | Regulation FD Disclosure |
(Preliminary) September 30, 2023 | August 31, 2023 | July 31, 2023 | (Preliminary) Three Months Ended September 30, 2023 | |||||||||||||||||||||||
U.S. Consumer Card Member loans: | ||||||||||||||||||||||||||
Total loans | $ | 77.7 | $ | 77.7 | $ | 77.3 | $ | 77.7 | ||||||||||||||||||
30 days past due loans as a % of total | 1.3 | % | 1.2 | % | 1.1 | % | 1.3 | % | ||||||||||||||||||
Average loans | $ | 77.7 | $ | 77.5 | $ | 76.4 | $ | 77.1 | ||||||||||||||||||
Net write-off rate – principal only (a) | 1.7 | % | 1.7 | % | 1.8 | % | 1.7 | % | ||||||||||||||||||
U.S. Small Business Card Member loans: | ||||||||||||||||||||||||||
Total loans | $ | 25.2 | $ | 24.5 | $ | 24.2 | $ | 25.2 | ||||||||||||||||||
30 days past due loans as a % of total | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||||||||||||
Average loans | $ | 24.8 | $ | 24.3 | $ | 24.0 | $ | 24.4 | ||||||||||||||||||
Net write-off rate – principal only (a) | 1.7 | % | 1.8 | % | 1.8 | % | 1.8 | % | ||||||||||||||||||
Total Card Member loans – U.S. Consumer and U.S. Small Business | $ | 102.9 | $ | 102.2 | $ | 101.4 | $ | 102.9 |
(a) | Net write-off rate based on principal only (i.e., excluding interest and/or fees). |
September 1, 2023 through September 30, 2023 | August 1, 2023 through August 31, 2023 | July 1, 2023 through July 31, 2023 | |||||||||||||||
Ending total principal balance | $ | 25.8 | $ | 26.1 | $ | 26.3 | |||||||||||
Defaulted amount | $ | 0.04 | $ | 0.04 | $ | 0.04 | |||||||||||
Annualized default rate, net of recoveries | 1.2 | % | 1.1 | % | 1.2 | % | |||||||||||
Total 30+ days delinquent | $ | 0.2 | $ | 0.2 | $ | 0.2 |
AMERICAN EXPRESS COMPANY | ||||||||
(REGISTRANT) | ||||||||
By: | /s/ Kristina V. Fink | |||||||
Name: Kristina V. Fink | ||||||||
Title: Corporate Secretary |
Document and Entity Information |
Oct. 16, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Oct. 16, 2023 |
Entity Registrant Name | AMERICAN EXPRESS CO |
Entity Central Index Key | 0000004962 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | NY |
Entity File Number | 1-7657 |
Entity Tax Identification Number | 13-4922250 |
Entity Address, Address Line One | 200 Vesey Street |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10285 |
City Area Code | 212 |
Local Phone Number | 640-2000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Shares (par value $0.20 per Share) |
Trading Symbol | AXP |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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end
M(^/KD7'RZ,JU84JTX:F'AILP4=IG>7 X2\&,W(_,0W8G'+(KYTA+T8(<+](J
M:BG;2,N#P\<0'-9/4*GOM3(IA6;Y+0MF"E0$9N1CC8NN7\X\O9U[[L8UMNO-
MLJJ^^8)=Q
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M"(I$R#(BO>/$1$Y)_NL#K.JCE!C(#JH
JR$/>
MY.7J%TQPZMP52TMU1KD6N'O%#.MEDXCCPI+,$EE'Y88_CG^KLQX,)=RD'
MPOC*)+BJH64P8&+;/:-OCW?4'Q+:L90L Q80 9YB;)_))W'@0EW'0=#.8ENX[L-U"ND\K_JZK99
MX^:V=>7=$HW/F%2!<,ZP2A8Z$"NE(U0QZ[,H0<5AE<4/E/