Credit Card Balances 90 Days Late Have Nearly Doubled Since 2022. New Delinquencies Have Not Moved.
Key PointsNormally, investors look at 30-day delinquency rates to gauge credit risk at companies like Capital One.
Capital One Financial reported a 30-day delinquency rate of 3.13% in the second quarter of 2026, signaling an improvement from the previous year. While this metric is encouraging, a deeper analysis by the Federal Reserve reveals a more complex picture. Synchrony Financial, a company specializing in store cards with higher risk, had a 30-day delinquency rate of 4.16%, which is also a slight improvement compared to the previous year.
Despite both companies showing year-over-year progress, Synchrony's rate remains higher due to the riskier nature of their credit offerings. This Federal Reserve report offers a more nuanced perspective on delinquency trends beyond just Capital One's performance.
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