American Express: 'Credit metrics remained strong during the year, with net write-off and delinquency rates for total Card Member loans and receivables below pre-pandemic levels'
Portfolio Pulse from Benzinga Newsdesk
American Express reported that their credit metrics remained robust throughout the year, with net write-off and delinquency rates for total Card Member loans and receivables being lower than the levels seen before the pandemic.
January 26, 2024 | 12:04 pm
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POSITIVE IMPACT
American Express has indicated strong credit performance, with net write-off and delinquency rates for loans and receivables below pre-pandemic levels, signaling financial resilience.
The positive credit metrics suggest that American Express has maintained a high quality of credit portfolio, which is likely to instill investor confidence in the company's financial health and risk management practices. This could lead to a positive short term impact on the stock price as it reflects the company's ability to manage credit risk effectively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100