Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
Key takeaways
- On June 15, American Express Company (NYSE:AXP) announced credit performance metrics for the three months ending May 31, detailing delinquency and net write-off rates for U.S Small Business and USCS card portfolios.
- The data provides insights into the asset quality of the company's lending programs, detailing the proportions of loans that are delinquent and written off.
- The net write-off rate for principal stood at 2% in May, lower than 2.1% in April.
Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns Abdul Rahman Mon, June 29, 2026 at 6:55 PM GMT+7 2 min read AXP American Express Company (NYSE:AXP) is one of the best stocks to buy now for good returns. On June 15, American Express Company (NYSE:AXP) announced credit performance metrics for the three months ending May 31, detailing delinquency and net write-off rates for U.S Small Business and USCS card portfolios.
The data provides insights into the asset quality of the company's lending programs, detailing the proportions of loans that are delinquent and written off. For starters, the Consumer card balances held for investment totaled $113.8 billion as of the end of May, and increased from $111.4 billion at the end of April and $110.8 billion at the end of March.
The net write-off rate for principal stood at 2% in May, lower than 2.1% in April. On the other hand, the US Small Business card balances totaled $46.7 billion at the end of May, up from $45.8 billion in April and $45.2 billion in March.