The two largest banks in the U.S. have reported rising delinquency rates on their credit cards. Both Bank of America and JPMorgan Chase said in filings with the Securities and Exchange Commission (SEC) that their delinquency rates rose in January, two days after Discover Financial...
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per share of $2.90 were better than consensus by 17 cents. Adjusted revenues were $7.08 billion,...
May 15, 2023
Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments. It can take just a single life event to turn someone’s world upside down — be it a job loss, long-lasting illness or natural disaster. These crises can have wide-ranging ripple effects for those impacted, including personal finance difficulties and […]
February 15, 2023
The two largest banks in the U.S. have reported rising delinquency rates on their credit cards. Both Bank of America and JPMorgan Chase said in filings with the Securities and Exchange Commission (SEC) that their delinquency rates rose in January, two days after Discover Financial did the same. Bank of America reported that from December […]
April 26, 2019
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per...
