American Express (AXP) US Consumer Card Member Loans (March): 30 days past due 1.4% (prev. 1.4%), Net write off rate 2.2% (prev. 2.0%)
US Small Business Card member loans:
- 30 days past due 1.7% (prev. 1.7%)
- Net write off rate 2.9% (prev. 2.8%)
Context
The latest March data from American Express shows that consumer card member loans remain stable with a past-due rate of 1.4% unchanged from previous months, but the net write-off rate has increased to 2.2%. This slight rise in write-offs may signal growing credit risks in consumer lending, which could impact financial sector sentiment and broader market stability.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#AMERICAN EXPRESS CO#AXP.US#MEMBER#EQUITIES#EU SESSION#US SESSION#CONSUMER FINANCE#CONSUMER FINANCE (GROUP)#FINANCIAL SERVICES#S&P 500 INDEX#AXP#US EQUITIES