Losses and delinquencies generally held steady in April in the credit card and auto loan portfolios of Capital One Financial Corp., (NYSE: COF) according to its monthly filing with the U.S. Securities and Exchange Commission.
The McLean, Va.-based bank reported yesterday its credit card portfolio saw its annualized net charge off rate climb slightly in April to 6.08 percent from 6.07 percent in March. The 30-day delinquency rate in April fell to 3.90 percent from 4.04 percent in March.
The credit card portfolio recorded receivables of nearly $67.9 billion at the end of April, up from $67.4 billion in the previous month.
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