Capital One’s first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout of Discover Financial Services. Purchase volume on its cards was up 6% year over year to $146.6 billion, but was...
U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit quality has remained strong. Credit card loans in the quarter were $28 billion, adding more than 9% year over year,...
Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking activities. During the conference call with analysts, CEO David Solomon said that capital markets related activity has been robust as...
Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking Alpha, citing data from eight lenders. It showed that the average delinquency rate of 3.20% rose from 3.24% in January and 2.59%...
September 17, 2024
U.S. consumers are taking on more card debt than has been seen in years. And in recent weeks, filings by several big banks show that the general trend of delinquencies and charge-offs has been, with some volatility … up and to the right. As reported by PYMNTS last month, as of the end of the […]
March 25, 2024
Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking Alpha, citing data from eight lenders. It showed that the average delinquency rate of 3.20% rose from 3.24% in January and 2.59% in February of last year. The average figure has risen […]
January 30, 2024
Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier, the online lender’s charge-offs increased...
January 29, 2024
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. And as a Monday (Jan. 29) Seeking Alpha report notes, the average rates of charge-offs...
January 18, 2024
KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods. They rose to $76 million during the quarter, up from $74 million in...
