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May 15, 2020, 12:51 p.m. EDT

American Express's April card-member loans fall, while small-business delinquencies increase

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By Tomi Kilgore

American Express Co. /zigman2/quotes/203805826/composite AXP -2.99% disclosed Friday that total U.S. card-member loans as of April 30 was $62.9 billion, down 8.8% from the end of March. Within the total, consumer card-member loans fell 9.2% to $50.5 billion and small business loans fell 7.5% to $12.4 billion. Consumer loans that were 30 days past due made up 1.7% of the total as of April 30, the same as the end of March, while small business loans that were 30 days past due increased to 1.6% from 1.4%. The credit card and travel-related services company's stock fell 2.3% in midday trading. It has dropped 39.7% over the past three months, while the SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF -2.55% has shed 32.6% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.77% has declined 20.0%.

/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 90.12
-2.78 -2.99%
Volume: 1.50M
July 9, 2020 11:32a
P/E Ratio
13.62
Dividend Yield
1.91%
Market Cap
$74.78 billion
Rev. per Employee
$733,559
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/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 22.58
-0.59 -2.55%
Volume: 27.04M
July 9, 2020 11:32a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,605.11
-462.17 -1.77%
Volume: 156.33M
July 9, 2020 11:32a
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