Q3 Charge-Offs March North

Third-quarter card charge-offs among the Top 4 U.S. bank credit card dropped sharply from the prior quarter, a historical pattern, but up slightly from one-year ago, remaining the highest for a third-quarter in seven years. Credit card charge-offs among the nation’s Top 4 credit card issuers decreased 36 bps (basis points) sequentially in the third-quarter (3Q/19), and up 3 bps year-on-year (YOY).The Top 4 (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C]) reported an aggregate charge-off ratio of 3.30% . . .

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See Also: Chase, Capital One, Bank of America, Citibank, delinquency, charge-offs

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