Forbearance programs hold credit card deliquencies at bay in July
| 2020 | ||||||
| Company | Ticker | Type | July | June | May | 3-month average |
| Capital One | COF | delinquency | 2.44% | 2.74% | 3.15% | 2.78% |
| charge-off | 3.82% | 4.15% | 4.49% | 4.15% | ||
| American Express | AXP | delinquency | 1.40% | 1.50% | 1.60% | 1.50% |
| charge-off | 2.60% | 2.60% | 3.00% | 2.73% | ||
| JPMorgan | JPM | delinquency | 0.99% | 1.07% | 1.20% | 1.09% |
| charge-off | 2.03% | 2.06% | 2.34% | 2.14% | ||
| Synchrony | SYF | core delinquency | 2.90% | 3.10% | 3.60% | 3.20% |
| adjusted charge-off | 4.80% | 5.10% | 5.10% | 5.00% | ||
| Discover Financial | DFS | delinquency | 2.03% | 2.17% | 2.36% | 2.19% |
| charge-off | 3.42% | 3.65% | 4.07% | 3.71% | ||
| Alliance Data Systems | ADS | delinquency | 4.70% | 4.30% | 4.80% | 4.60% |
| charge-off | 7.20% | 7.40% | 8.00% | 7.53% | ||
| Citigroup | C | delinquency | 1.43% | 1.47% | 1.59% | 1.50% |
| charge-off | 2.42% | 2.63% | 3.12% | 2.72% | ||
| Bank of America | BAC | delinquency | 1.16% | 1.30% | 1.46% | 1.31% |
| charge-off | 2.12% | 2.15% | 2.50% | 2.26% | ||
| Avg. delinquency | 1.89% | 2.21% | 2.47% | 2.27% | ||
| Avg. charge-off | 3.55% | 3.72% | 4.08% | 3.78% | ||
Note: Be aware that accounts that have entered forbearance agreements may not advance in delinquency, and ultimately charge-off, in the same timeframe than if the forbearance had not been granted. As a result, the delinquency and charge-off rates since March may be lower than they would have been without the forbearance programs offered as a result of the COVID-19 pandemic.