American Express posts April card portfolio: $157.2B held for investment, modest rise in consumer write-offs
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American Express reported $157.2 billion in U.S. Consumer and Small Business card balances for investment in April, a slight increase from March. U.S. Consumer card balances rose to $111.4B, while the net write-off rate increased to 2.1%. Small Business balances reached $45.8B, with a net write-off rate of 2.4%. Overall, card balances held for investment rose from $156.0B in March.
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