Form Type and Filing Date: This is an 8-K Current Report filed by American Express Company on August 17, 2026, reporting events as of that same date. Item 5.02 - Regulation FD Disclosure: The filing is designated as a Regulation FD Disclosure, indicating the company is disclosing material information that may not have been previously disclosed to the public. Securities Registered: The filing…

Our analysis rates this filing NEUTRAL. This routine monthly credit metrics disclosure presents a balanced, stable picture typical of normal credit card operations. The 30 basis point month-over-month deterioration in write-off rates warrants monitoring but remains within expected ranges and is…

Concern level: MODERATE (3.2/10). Key factors: Net write-off rate deteriorated 30 basis points month-over-month (1.4% to 1.7%), indicating modest credit quality pressure; U.S. Consumer Card balances declined slightly from $113.8B to $113.1B, suggesting potential demand softness; U.S. Small Business Card balances show volatility ($46.7B to $46.1B), indicating potential economic uncertainty in SMB…

Notable risk changes: U.S. Consumer Card delinquency rate increased to 1.1% (July 2026) from 1.1% (June 2026) - stable month-over-month; Net write-off rate for U.S. Consumer Cards deteriorated to 1.7% (July 2026) from 1.4% (June 2026) - 30 basis point increase indicating credit quality pressure; U.S. Small Business Card balances declined to $46.1B (July 2026) from $46.7B (May 2026) - modest contraction of $0.6B or…

The model predicts AXP will outperform the S&P 500 by about 0.0% over 30 days (model confidence 50%). This is model analysis for research, not investment advice.