Bank Of America Corp Credit Card Delinquency Rate Was 1.26% At July End; Credit Card Charge-Off Rate Was 2.11% In July
- SEC Filing
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Why It Matters
Bank of America says more customers are falling behind on credit card payments (1.26%) and some debts aren't getting paid back (2.11%). When these numbers go up, it suggests people might be struggling with money, which could affect the bank's business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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