Citibank August credit-card delinquency charge drops, internet charge-off rises (NYSE:C)

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Citi’s (C -4.4%) August credit-card delinquency rate drops to 1.33% from 1.43% in July and 1.47% in June.

Compares with 1.53% in August 2019.

The web charge-off charge, although, elevated to 2.75% from 2.42% in July and a pair of.63% in June.

Compares with 2.62% in August 2019.

Beforehand: Odeon upgrades six banks as Bove sees loan loss fears overblown (Sept. 14)

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