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Capital One's (COF +9.4%) chargeoff rate rises to a frightful 9.73% from 9.41%, but deliquencies...

Capital One's (COF +9.4%) chargeoff rate rises to a frightful 9.73% from 9.41%, but deliquencies declined for the fourth straight month to 4.77%, which may be the proverbial light at the end of the tunnel. Institutional chargeoffs were down to 9.26% from 9.77% in May. (8-K) COF's peers are broadly higher: AXP +6%. DFS +4%. MA +2.8%. V +2.7%.
Comments (2)
  • obamaphobe
    , contributor
    Comments (172) | Send Message
     
    their percentage of delinquencies are down because they chargeoff half a billion delinquncies a quarter and issuance is down 30%. Thier delinquecies staying the same is a frightful picture of what lies ahead for them
    15 Jul 2009, 12:01 PM Reply Like
  • 2houndz
    , contributor
    Comments (302) | Send Message
     
    So almost 10% of their loans are garbage, and the stock price jumps almost 10%. Will someone please tell me how to get back to the other side of this looking-glass?
    15 Jul 2009, 12:24 PM Reply Like
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