Despite Coronavirus, American Express Loan Delinquency and Write-Off Rates Hold Steady in April

Although American Express (NYSE: AXP) fully expects to start buckling under the weight of an economy straining from the effects of the SARS-CoV-2 coronavirus, the company's latest figures indicate it isn't faltering yet. On Friday the big payment card company released its latest set of monthly loan delinquency and write-off statistics, which appear to be staying level for now.

As of April 30, the percentage of its consumer cardholder loans 30 days past due was 1.7%, matching the previous month's figure, and only slightly worse than February's 1.6%. The dynamic was similar with small business cardholders, with April seeing only a slight uptick to 1.6%; the two preceding months were 1.4% and 1.3%, respectively.

Image source: American Express.