Major U.S. credit card issuers posted mixed month-over-month results in February.
The average delinquency ratio among master trust portfolios at six large card issuers — American Express Co., Bank of America Corp., Capital One Financial Corp., Citigroup Inc., Discover Financial Services and JPMorgan Chase & Co.— rose 2 basis points month over month to 1.56% in February.
Meanwhile, the average net charge-off ratio climbed 10 basis points month over month to 2.28%. The group's average trust portfolio loan yield rose 100 basis points month over month to 20.09% in February.
Did you enjoy this analysis? Click here to set alerts for future Data Dispatches. Click here for the underlying data for credit card master trust yields, net charge-offs and delinquencies. The monthly performance of these trusts are reported in Form 10-D filings, which can be accessed under the Documents section of a company's briefing book page on the S&P Global Market Intelligence platform. |