Citigroup's Credit Card Delinquencies & Charge-Offs Rise in November
Citi(C) ZACKS·2024-12-18 00:40
In a recent SEC filing, Citigroup Inc.’s (C) subsidiary, Citibank N.A., disclosed a rise in its credit card trust delinquency and net charge-off rates for November 2024 compared with October 2024. Nonetheless, both the metrics remained under their pre-pandemic levels despite the recent uptick. For the period ending Nov. 25, 2024, the Citibank Credit Card Issuance Trust reported a delinquency rate of 1.53%, increasing marginally from 1.52% in October 2024 and 1.47% in the same period last year. The current f ...