Card loan loss reserves rose sharply among the nation’s largest issuers, however, charge-offs among the Big 6 domestic credit card issuers held steady in the second-quarter. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 18 basis points (bps) year-on-year (YOY) for the second-quarter (2Q/19). The Big 6 (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C], American Express ]AXP], Discover [DFS]) reported an aggregate charge-off ratio of 3.65% for 2Q/19 . . .
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