Monday 11:12 amCredit-card defaults fell in the U.S., but delinquencies are up across the board. Capital One (COF) and JPMorgan Chase (JPM) reported the biggest increases in late payments to 5.72% and 4.95%. BofA's (BAC) charge-off rate fell to 13.22% from 14.25% - still the highest among issuers.
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Monday 08:50 am Capital One's (COF) net chargeoff rate fell to 9.04% in Oct. from 9.77% in Sept. 30-days+ delinquency: 5.72% vs. 5.38% prior. (8-K) Shares +1.5% premarket.
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