Proprietary Report with Analysis on Big 6 U.S. Credit Card Charge-Offs.
Charge-offs among the nation’s top 6 issuers soared 40 basis points (bps) year-on-year (YOY) to 3.26% for the first quarter (1Q/17), and up 35 bps sequentially.
All six issuers posted sharply higher charge-offs in the first quarter. Noteworthy: Capital One crossed . . .