Proprietary Report with Analysis on Top 4 U.S. Credit Card Charge-Offs.
Charge-offs among the nation’s top four U.S. issuers jumped 40 basis points (bps) year-on-year (YOY), and up 36 bps sequentially for the first quarter (1Q/17). All four issuers reported sharply higher credit card losses from the prior quarter.
For the top four issuers (Chase, BofA, Capital One, Citibank), average charge-offs were 3.48% for . . . .