It’s earnings season for America’s biggest financial services companies and institutions. So far, the common theme has been a softening of consumer credit and mixed signals around corporate spending. But every business is different — and sometimes a black swan will rear its head. That’s...
The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing delinquency rate in the domestic card business was 4.3% during the quarter ended Sept. 30, up from 3.7% in the...
The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit. Piepszak has predicted that consumer deposits will be “slightly down from here” due to factors such as the Federal Reserve’s quantitative tightening program...
Capital One missed estimates, adjusted for impact of the tax bill that was signed last year as loans grew across cards and autos, but credit losses grew, too. Earnings per share of $1.62 was 26 cents below the Street, according to information presented during the...
October 26, 2023
The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing delinquency rate in the domestic card business was 4.3% during the quarter ended Sept. 30, up from 3.7% in the previous quarter and 3.0% a year earlier, according to a presentation released […]
June 13, 2023
The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit. Piepszak has predicted that consumer deposits will be...
January 24, 2018
Capital One missed estimates, adjusted for impact of the tax bill that was signed last year as loans grew across cards and autos, but credit losses grew, too. Earnings per...
