First-Quarter BofA Card Metrics

First-Quarter BofA Card Metrics Uninspiring

First-quarter BofA card metrics were lackluster at best. Bank of America (BofA), the nation’s third largest Visa and MasterCard issuer, posted no growth in outstandings, subpar growth in purchase dollar volume (PDV), increasing delinquency rates and rising charge-off ratios. The bright spot is credit card yield continues marching upward, approaching 11%, rising 87 basis points…