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Delinquencies, charge-offs mixed at card issuers in February

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.

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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.