Delinquency rates deteriorate, charge-offs mixed: January Credit Pulse

2026

2025

bps change, Jan. 20 to Jan. '26

Company

Ticker

Type

Jan.

Dec.

Nov.

3-month average

Jan. 2025

Jan. 2020

Capital One*

COF

delinquency

4.04%

3.99%

4.01%

4.01%

4.61%

4.10%

-6

charge-off

5.04%

5.01%

5.02%

5.02%

6.12%

4.31%

73

American Express

AXP

delinquency

1.4%

1.3%

1.4%

1.37%

1.4%

1.6%

-20

charge-off

1.9%

2.1%

2.1%

2.03%

2.3%

2.3%

-40

JPMorgan

JPM

delinquency

0.88%

0.84%

0.86%

0.86%

0.88%

1.14%

-26

charge-off

1.69%

1.59%

1.76%

1.68%

1.64%

2.19%

-50

Synchrony

SYF

delinquency

4.6%

4.5%

4.5%

4.53%

4.7%

4.5%

10

adjusted charge-off

4.7%

5.4%

5.4%

5.17%

6.2%

5.2%

-50

Bread Financial

BFH

delinquency

5.9%

5.8%

6.0%

5.90%

6.1%

6.0%

-10

charge-off

7.1%

7.4%

7.4%

7.30%

7.8%

7.2%

-10

Citigroup

C

delinquency

1.46%

1.42%

1.40%

1.43%

1.49%

1.58%

-12

charge-off

2.03%

2.51%

2.11%

2.22%

2.26%

2.49%

-46

Bank of America

BAC

delinquency

1.39%

1.37%

1.40%

1.39%

1.48%

1.61%

-22

charge-off

2.28%

2.18%

2.27%

2.24%

2.48%

2.54%

-26

Avg. delinquency

2.81%

2.75%

2.80%

2.78%

2.58%

2.93%

-12

Avg.charge-off

3.53%

3.27%

3.72%

3.51%

4.11%

3.75%

-22

Avg. delinquency ex-BFH

2.30%

2.24%

2.26%

2.26%

2.08%

2.42%

-12

Avg. charge-off ex-BFH

2.94%

3.13%

3.11%

3.06%

3.50%

3.17%

-23