American Express Stock Falls 0.73% on 108th-Ranked Trading Volume Amid Stable Delinquency Rates and Strategic Expansion

American Express (AXP) closed August 15 with a 0.73% decline, trading at $212.6 billion market capitalization. The stock saw $0.83 billion in volume, ranking 108th in daily liquidity. Regulatory filings revealed stable delinquency rates for U.S. consumer and small business card loans in July 2025, with 30-day delinquency rates at 1.3% and 1.6% respectively. Net write-off rates for principal remained within a narrow range of 2.0%-2.7% across both segments, reflecting consistent credit performance compared to previous months.

The company reported $124.2 billion in combined card member loans held for investment as of July 31, a marginal increase from June. Securitized credit card loans under the American Express Credit Account Master Trust showed a 1.1% annualized default rate (net of recoveries) for July, down from 1.3% in June. These figures align with the firm's "GOOD" financial health rating and current ratio of 1.6, underscoring liquidity strength despite macroeconomic uncertainties.

American Express expanded its strategic partnerships by renewing and broadening its global collaboration with AEG, securing official payment rights across 40 major properties. The board also added Randal K. Quarles and Noel Wallace, increasing membership to 14 directors. These governance updates follow a Q2 earnings beat of $4.08 per share and revenue outperformance, though analysts remain cautious about slowing travel spending trends despite near-term gains.

A backtested strategy of holding the top 500 stocks by daily volume for one day from 2022 achieved 37.61% total returns with an average 0.98% daily return. This conservative approach demonstrated stability but yielded modest gains compared to high-risk alternatives, highlighting the balance between liquidity and growth potential in current market conditions.