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High credit card delinquencies are not yet showing at big banks

Reported · Written up by our desk · Sectors

Large banks are reporting results that do not reflect the high credit card delinquency rates seen in recent data, highlighting a disconnect between delinquency statistics and bank performance, according to WSJ Markets.

The outlet notes that lenders’ reported outcomes are contrasting with measures that point to the highest credit card delinquency rates in 15 years, suggesting delinquency trends have not yet translated into the biggest banks’ headline results.

WSJ Markets frames the gap as a timing issue, where worsening consumer credit quality may take longer to appear in major banks’ earnings and loss metrics than delinquency rate indicators alone would suggest.

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