American Express Co. disclosed Wednesday February data on delinquencies for its U.S. consumer and small business card member business, which showed increases...
American Express Co. AXP disclosed Wednesday February data on delinquencies for its U.S. consumer and small business card member business, which showed increases from the last two months. For consumer card members, the number of loans that were 30 days past due, as percentage of total loans, was 1.1% in February, up from 1.0% in both January and December. The net write-off rate was 1.4% in February, which is down from 1.5% in January but up form 1.2% in December.
For consumer card members, the number of loans that were 30 days past due, as percentage of total loans, was 1.1% in February, up from 1.0% in both January and December. The net write-off rate was 1.4% in February, which is down from 1.5% in January but up form 1.2% in December. For small business card members, the delinquency rate increased to 1.1% in February from 1.0% in January and 0.9% in December, while the net write-off rate was 1.1% last month, down from 1.2% in January but up from 1.
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