American Express (AXP) reports an annualized charge-off rate of 2.2% in May, down from 2.4% in...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP) reports an annualized charge-off rate of 2.2% in May, down from 2.4% in April, and 3.2% a year ago. Payments late by 30 days or more falls to 1.2% of total balances from 1.3% in April, and 1.6% a year ago. (Form 8-K)