American Express Write-Off Rate Lower in September, Delinquency Rates Steady Vs. August

2:02PM ET 10/15/2019 MT Newswires
American Express (AXP) said in a regulatory filing on Tuesday its preliminary US consumer credit card delinquency rate was at 1.5% in September, the same level as in August, while its write-off rate was lower at 2% in September, compared with 2.3% in the previous month.

For the three months ended Sept. 30, its consumer credit card delinquency rate was 1.5% and write-off rate was 2.2%, the filing showed.

AXP shares were up 1.2% in afternoon trading.

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