BTIG analyst Vincent Caintic has reiterated a sell rating on American Express (NYSE: AXP) while maintaining a price target of $285. The firm's stance underscores its cautious view on the stock's near-term performance.

The reiteration follows a review of the company's current market position and valuation metrics. The $285 price target indicates the level at which BTIG believes the stock should fairly trade.

American Express continues to operate in the financial services sector, providing charge and credit card payment products to consumers and businesses worldwide. The stock is listed on the New York Stock Exchange under the ticker symbol AXP.

American Express has released its credit performance metrics for the period ending May, detailing delinquency and net write-off rates for its U.S. Small Business and USCS card portfolios. The data provides insight into the asset quality of the company's lending segments, reflecting the proportion of loans falling behind on payments and those written off as uncollectible.

The filing with the U.S. Securities and Exchange Commission breaks down the performance into two primary categories: U.S. Small Business Card Member Loans and USCS Card Member Loans. The metrics focus on loans that are 30 days past due as a percentage of the total portfolio, as well as the net write-off rate on a principal-only basis.

For the U.S. Small Business Card Member Loans segment, the 30-day past due loans stood at 1.1% of the total at the end of May. The net write-off rate for this category, calculated on principal only, was reported at 2.6% for the same period.

The USCS Card Member Loans segment reported slightly higher delinquency levels. Loans 30 days past due accounted for 1.4% of the total portfolio at the end of May. However, the net write-off rate for this segment was lower than the small business category, recorded at 2% on a principal-only basis.

Credit Performance Summary