Amex May Credit Quality Improves: Write-Offs Fall to 2.0%, Balances Grow
AXP sits 19% above its 52-week low of $286.15 on light trading volume (0.4× avg).
Summary
American Express reported improved credit quality metrics for May 2026. U.S. Consumer card balances increased to $113.8 billion, up from $111.4 billion in April. Critically, U.S. Consumer 30-day delinquencies improved to 1.1% from 1.2%, and net write-off rates decreased to 2.0% from 2.1%. This positive trend follows an 8-K filed in April that indicated an increasing trend in write-off rates, suggesting stabilization and improvement in the company's loan portfolio health.
At the time of this announcement, AXP was trading at $339.29 on NYSE in the Finance sector, with a market capitalization of approximately $231.5B. The 52-week trading range was $286.15 to $387.49. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.