Credit card lenders report lower delinquencies for May

06/17/2013 | Wall Street Journal, The

Major credit card companies reported lower delinquencies in May. For example, JPMorgan Chase's securitized card loans delinquency rate fell to 1.6% in May from 1.7% in April, and Capital One's fell to 2.97% from 3.14%. Discipline among credit card holders is helping banks boost earnings by releasing loan reserves.

View Full Article in:

Wall Street Journal, The

Published in Briefs: