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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 | |
---|---|---|---|---|---|---|---|---|
-0.60 | -0.25% | 236.50 | 236.92 | 234.4248 | 235.58 | 1,696,321 | 19:45:43 |
New York | 1-7657 | 13-4922250 | ||||||||||||
(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 | ||||||||||||
Common Shares (par value $0.20 per Share) | AXP | New York Stock Exchange |
Item 7.01 | Regulation FD Disclosure |
April 30,
2020 |
March 31,
2020 |
February 29,
2020 |
|||||||||||||||
U.S. Consumer Card Member loans: | |||||||||||||||||
Total loans
|
$ | 50.5 | $ | 55.6 | $ | 59.1 | |||||||||||
30 days past due loans as a % of total (a)
|
1.7 | % | 1.7 | % | 1.6 | % | |||||||||||
Average loans
|
$ | 53.0 | $ | 57.3 | $ | 59.6 | |||||||||||
Net write-off rate – principal only (b)
|
2.7 | % | 2.8 | % | 2.6 | % | |||||||||||
U.S. Small Business Card Member loans: | |||||||||||||||||
Total loans
|
$ | 12.4 | $ | 13.4 | $ | 14.0 | |||||||||||
30 days past due loans as a % of total (a)
|
1.6 | % | 1.4 | % | 1.3 | % | |||||||||||
Average loans
|
$ | 12.9 | $ | 13.7 | $ | 13.9 | |||||||||||
Net write-off rate – principal only (b)
|
2.0 | % | 2.0 | % | 1.9 | % | |||||||||||
Total Card Member loans – U.S. Consumer and U.S. Small Business
|
$ | 62.9 | $ | 69.0 | $ | 73.0 |
(a) | During the first quarter 2020, the Company created a Customer Pandemic Relief Program for customers impacted by COVID-19. Delinquency status is generally frozen at enrollment, and loans that are current at enrollment do not age, regardless of whether payment is made. Upon exiting the program, delinquency aging resumes where it had left off at enrollment. | |||||||
(b) | Net write-off rate based on principal only (i.e., excluding interest and/or fees). |
April 1, 2020
through
April 30, 2020
|
March 1, 2020
through March 31, 2020 |
February 1, 2020
through February 29, 2020 |
|||||||||||||||
Ending total principal balance | $ | 24.4 | $ | 27.0 | $ | 29.0 | |||||||||||
Defaulted amount | $ | 0.05 | $ | 0.06 | $ | 0.06 | |||||||||||
Annualized default rate, net of recoveries | 2.1 | % | 2.0 | % | 1.9 | % | |||||||||||
Total 30+ days delinquent (a)
|
$ | 0.3 | $ | 0.3 | $ | 0.3 |
(a) | Refer to footnote (a) above. |
AMERICAN EXPRESS COMPANY | |||||||||||
(REGISTRANT) | |||||||||||
By: | /s/ Kristina V. Fink | ||||||||||
Name: Kristina V. Fink | |||||||||||
Title: Deputy Corporate Secretary
|
1 Year American Express Chart |
1 Month American Express Chart |
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