Credit card issuers' delinquency, net charge-off rates fall in May, in line with seasonal trends [Seeking Alpha]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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Source: Seeking Alpha
"All issuers are exhibiting better-than-expected seasonal declines in delinquencies, which should flow through to net charge-offs within five to six months," noted Jefferies analyst John Hecht. "DQs [delinquencies] are showing signs of having potentially peaked in January'24 (seasonally adjusted) as there is a consistent M/M decline to support this notion," he said. Note that Jefferies excludes JPMorgan Chase's ( NYSE: JPM ) master trust data due to asset pool transfers. The data of eight issuers, compiled by Seeking Alpha, demonstrate a 6-basis-point decline M/M for the average delinquency to 2.89% and a 7-bp drop in the average net charge-off rate to 4.44% as seen in the table below. For net charge-offs, which is when lenders write off the amounts owed that they don't expect to collect on, Capital One Financial ( NYSE: COF ), JPMorgan Chase ( JPM ), and Bread Financial ( NYSE: BFH ) saw increases in May. Discover's ( NYSE: DFS ) NCOs tracked below both Evercore ISI analys
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News
- New Capital One Study Finds Consumer Spending at Downtown Richmond Small Businesses Has Grown Nearly 50% Since 2019Business Wire
- Capital One Financial Co. (NYSE: COF) had its price target lowered by analysts at Evercore ISI from $155.00 to $154.00. They now have an "in-line" rating on the stock.MarketBeat
- This State is Having the Most Trouble with Auto Loan Payments in the US [Yahoo! Finance]Yahoo! Finance
- Capital One Financial Corporation to Webcast Conference Call on Second Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Capital One Financial Corporation to Webcast Conference Call on Second Quarter 2024 EarningsPR Newswire
COF
Earnings
- 4/25/24 - Miss
COF
Sec Filings
- 6/26/24 - Form 11-K
- 6/24/24 - Form 15-12G
- 6/17/24 - Form 8-K
- COF's page on the SEC website