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 for small business cardholders the figures came in at, again respectively, 2%, 2%, and 1.9%.