American Express Says 'Credit metrics remained strong in the current quarter, with net write-off and delinquency rates for total Card Member loans and receivables below pre-pandemic levels'
Portfolio Pulse from Bill Haddad
American Express (AXP) reports strong credit metrics for the current quarter, with net write-off and delinquency rates for total Card Member loans and receivables below pre-pandemic levels.
October 20, 2023 | 11:05 am
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POSITIVE IMPACT
American Express's strong credit metrics indicate a healthy financial status, which could positively impact its stock price.
Strong credit metrics, such as low net write-off and delinquency rates, are indicators of a company's financial health. This positive news could increase investor confidence in American Express, potentially leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100