Don't be alarmed by a 10 bp jump (compared to declines elsewhere) in the delinquency rate on...

|By:, SA News Editor
Don't be alarmed by a 10 bp jump (compared to declines elsewhere) in the delinquency rate on Citigroup's (C) credit-card portfolio in October, says Sandler O'Neill. One, the number is a volatile one. Two, Citigroup has been outperforming for several months, and - if the trend continues - Sandler may up its Q4 EPS estimates for Citi and the other big banks.