American Express Company (AXP, Financial) has released its latest delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios. The data covers the months ending October 31, September 30, and August 31, 2024. This information provides additional insights beyond the data reported by the American Express Credit Account Master Trust in its monthly Form 10-D report filed with the Securities and Exchange Commission.
The statistics reveal the credit performance of American Express's lending portfolios, which include both securitized and non-securitized Card Member loans. It's important to note that the characteristics of these loans differ from those securitized through the Lending Trust. Consequently, the reported credit performance of the Lending Trust may vary monthly due to differences in loan mix, vintage, and aging, as well as the calculation methods used for write-off statistics.
Factors such as the number of days in a month, timing of holidays and weekends, seasonality, and the timing of information received from third parties can also influence the variability of these statistics. This report provides valuable insights for investors and stakeholders interested in understanding the credit dynamics within American Express's U.S. Consumer and Small Business segments.
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