American Express (AXP)

American Express reported on Thursday through a regulatory filing that for the quarter that ended September 30, the 30-day delinquency rate was 4.1%, according to preliminary data, down from 4.4% in the second quarter.
The 30-day delinquency rate measures borrowers at least a month behind their card payments. The 30-day delinquency rate, a key gauge of future losses, is important because higher delinquencies force issuers to squirrel away capital to reserve for potential losses; ultimately, companies must write off loans if customers can't pay.

Oct 16 · 11:07:00 AM
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by Michael Oliveto