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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Express Company | NYSE:AXP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.22 | 0.09% | 234.55 | 236.00 | 233.41 | 235.50 | 2,082,533 | 01:00:00 |
|
|
|
|
|
New York
|
|
1-7657
|
|
13-4922250
|
(State or other jurisdiction of incorporation or organization)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
200 Vesey Street
|
|
|
New York, New York
|
|
10285
|
(Address of principal executive offices)
|
|
(Zip Code)
|
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))
|
Item 7.01 | Regulation FD Disclosure |
January 31,
2016
|
February 29,
2016
|
(Preliminary)
March 31,
2016
|
(Preliminary)
Three months ended
March 31,
2016
|
|||||||||||||
USCS Card Member loans:
|
||||||||||||||||
Total loans held for investment
|
$
|
42.5
|
$
|
41.7
|
$
|
42.4
|
$
|
42.4
|
||||||||
30 days past due loans as a % of total
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
||||||||
Average loans held for investment
|
$
|
43.0
|
$
|
42.1
|
$
|
42.1
|
$
|
42.5
|
||||||||
Net write-off rate – principal only
(a)
|
1.4
|
%
|
1.4
|
%
|
1.5
|
%
|
1.5
|
%
|
||||||||
U.S. Small Business Card Member loans:
|
||||||||||||||||
Total loans held for investment
|
$
|
8.0
|
$
|
8.0
|
$
|
8.3
|
$
|
8.3
|
||||||||
30 days past due loans as a % of total
|
1.0
|
%
|
1.1
|
%
|
1.0
|
%
|
1.0
|
%
|
||||||||
Average loans held for investment
|
$
|
8.0
|
$
|
8.0
|
$
|
8.1
|
$
|
8.1
|
||||||||
Net write-off rate – principal only
(a)
|
1.4
|
%
|
1.4
|
%
|
1.4
|
%
|
1.4
|
%
|
||||||||
Total U.S. Consumer and Small Business Card Member loans held for investment
|
$
|
50.5
|
$
|
49.7
|
$
|
50.7
|
$
|
50.7
|
(a)
|
Net write-off rate based on principal only (i.e., excluding interest and /or fees).
|
January 1, 2016
through
January 31, 2016
|
February 1, 2016
through
February 29, 2016
|
March 1, 2016
through
March 31, 2016
|
||||||||||
Ending total principal balance
|
$
|
26.6
|
$
|
25.6
|
$
|
25.5
|
||||||
Defaulted amount
|
$
|
0.04
|
$
|
0.04
|
$
|
0.04
|
||||||
Annualized default rate, net of recoveries
|
1.2
|
%
|
1.4
|
%
|
1.2
|
%
|
||||||
Total 30+ days delinquent
|
$
|
0.2
|
$
|
0.2
|
$
|
0.2
|
99.1 | Historical information relating to Card Member loan, delinquency and write-off statistics for USCS, U.S. Small Business and the HFS Portfolios. |
|
|
|
|
|
AMERICAN EXPRESS COMPANY
(REGISTRANT)
|
|
By:
|
/s/ Carol V. Schwartz
|
|
|
Name: Carol V. Schwartz
|
|
|
Title: Secretary
|
|
|
|
Exhibit
|
Description
|
99.1
|
Historical information relating to Card Member loan, delinquency and write-off statistics for USCS, U.S. Small Business and the HFS Portfolios.
|
1 Year American Express Chart |
1 Month American Express Chart |
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