Proprietary Report with Analysis on Top 4 U.S. Credit Card 30+ Day Delinquency.
Average early stage delinquency (30+ days) for the first quarter (1Q/17), among the nation’s Top 4 issuers, decreased 5 basis points (bps) sequentially, but rose year-on-year (YOY) by 24 bps.
Citibank and Capital One posted small downticks in 1Q/17. Citi is skewed by its rapidly growing outstandings from the acquisition of the American Express/Costco cobrand deal. Cap One is somewhat skewed by . . . .