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Bank of America’s (NYSE:BAC) bank card delinquency price slipped in April vs. March, whereas its internet charge-off price rose barely, as lending exercise held regular. Both charges, nonetheless, stay beneath their prepandemic ranges.
The BA Master Credit Card Trust II delinquency price of 1.39% decreased from 1.41% within the earlier month and stayed underneath the prepandemic April 2019 mark of 1.62%.
Net charge-off price superior to 2.50% from 2.46% in March and trailed 2.83% from 5 years earlier, the financial institution disclosed in an SEC submitting.
Lending exercise stalled as receivables excellent within the belief stayed at ~$15.9B at April 30, 2024. Still, that is up from $14.1B within the 12 months earlier than.
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