Fourth-Quarter Chargeoffs

Fourth-Quarter Chargeoffs Up a Tad as Reserves +9%

Fourth-quarter chargeoffs among the Top 4 U.S. bank credit card increased modestly from the prior quarter and up a smidgen from one-year ago. Credit card charge-offs among the nation’s Top 4 credit card issuers decreased 7 bps (basis points) sequentially in the fourth-quarter (4Q/19), and up 3 bps year-on-year (YOY). The Top 4 (Chase [JPM],…