American Express March US consumer card net write-off rate rises to 2.2%
American Express Company
American Express Company AXP | 0.00 |
- American Express reported preliminary March credit metrics for U.S. card member loans held for investment, showing total U.S. Consumer loans of USD 97.5 billion, up 2.5% from USD 95.1 billion in February.
- U.S. Consumer 30-day delinquency rate held at 1.4% in March, unchanged from February.
- U.S. Consumer net write-off rate rose to 2.2% in March from 2% in February.
- U.S. Small Business total loans increased to USD 32.2 billion in March from USD 31.3 billion in February, a 2.9% gain.
- Total U.S. Consumer plus U.S. Small Business card member loans held for investment climbed to USD 129.7 billion in March from USD 126.4 billion in February, up 2.6%.
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