Capital One Financial reported in a regulatory filing that its annualized net charge-off rate has risen to 9.77% in September up from 9.32% in August.
This is another sign that U.S. consumers remain under stress. Accounts at least 30 days delinquent, an indicator of future loan losses, increased to 5.38% percent from 5.09% percent.
Oct 15 · 10:37:00 AM · Source: CNBC
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by Michael Oliveto
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