Credit card improvement at Bank of America?
Bank of America (BAC) credit card losses fell last month. In a filing the bank said its annual net charge-off rate for U.S. cards fell to 13.25 percent last month from 13.53 percent in December. According to the AP, delinquent loans were running at 7.35 percent in January versus 7.44 percent reported in December. So this would appear to be an improvement. Article
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