American Express Sept. Consumer Card 30 Days Past Due Rate 1.5%
October 15 2019 - 1:08PM
Dow Jones News
By Michael Dabaie
American Express Co. (AXP) said the rate of U.S. consumer card
member loans 30 days past due was 1.5% in September.
That was flat with August, the company said in a Securities and
Exchange Commission filing.
Total loans for consumer cards were $59.7 billion, down from
$59.9 billion in August.
For U.S. small business card member loans, total loans were
$13.4 billion, the same as in August, the company said in the
filing.
American Express said the rate for small business card member
loans that were 30 days past due in September was 1.3%, up from
1.2% in August.
American Express shares recently were up 1.1% to $117.62, in
line with markets.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 15, 2019 12:53 ET (16:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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