Stocks
American Express Stock Hits Recent Highs Amid Business Savings Account Launch
American Express stock has seen recent highs as investors digest new information about card balances and credit quality, along with the launch of a business savings account offering a 2.95% annual percentage yield.
The company reported U.S. card balances of $160.3 billion in its latest Form 8-K filing, highlighting the scale of its lending portfolio.
The delinquency rate on these U.S. card balances stood at 1.1 percent, indicating that credit quality is currently robust for the 2026 reporting period.