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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks
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From: Jack Hartmann5/15/2009 2:38:18 PM
   of 6925
 
AXP American Express discloses April delinquency and write-off stats (24.37 -0.35) -Update-

On a Managed Basis, the net write-off rate increased ~130 bps to 10.1% (Briefing.com note: The co guided for a total Q2 write-off rate of 10.5%-11.0%). However, the 30 days past due delinquency rate decreased for the second straight month, falling ~20 bps to 4.9%

I remember when this was under 3%. One out of 10 accounts are gone.
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