American Express CFO Says Expect Write Off Rates To Be Generally Stable For Rest Of Year
Portfolio Pulse from Benzinga Newsdesk
American Express CFO announced that write-off rates are expected to remain generally stable for the rest of the year.
July 19, 2024 | 12:47 pm
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American Express CFO announced that write-off rates are expected to remain generally stable for the rest of the year, indicating a stable credit environment.
The announcement of stable write-off rates suggests that American Express is managing its credit risk effectively, which is positive for the company's financial health and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100