U.S. Markets

American Express (AXP) reports June Master Trust net write off rate at 1.4% (prev. 2.0%); US Consumer Card Member loans 30 past due loans 1.1% of total (prev. 1.1%).

StockNow breaking-news AI analysis

AXP's June credit metrics show a sharp drop in write-offs to 1.4% and stable delinquencies at 1.1%, supporting JPMorgan's recent upgrade to Overweight ahead of its July 24 earnings report.

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