Capital One bank card delinquency, charge-off charges perk up in August (NYSE:COF)
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Capital One Monetary’s (NYSE:COF) home bank card delinquency fee and web charge-off fee greater in August vs. July, the corporate disclosed in a contemporary SEC submitting.
The delinquency fee of four.35% rose from 4.28% within the earlier month and four.09% a yr previous. It remained smartly above August 2019’s fee of three.49%.
The online charge-off fee additionally complex to five.82% from 5.79% in July. It compares with 4.55% in August 2023 and four.25% 5 years in the past, earlier than the pandemic disrupted the financial system.
Lending job greater, with $149.4B of loans held for funding emerging from $148.6B in July and $140.1B within the year-ago length.
