SYF - May credit card metrics continue improving as signs of loan growth emerge

bernie_photo/iStock via Getty Images Summing up May's credit card metrics, both overall delinquency and charge-off rates fell again in May as consumers' payment records stayed strong. That jibes with the lower consumer default rates described by the S&P/Experian Consumer Credit Default Composite Index falling 6 basis points to 0.44% in May; the indexes tracking defaults in bank card, auto loans and mortgages all fell during the month.       2021   Company Ticker Type May April March 3-month average Capital One [[COF]] delinquency 1.69% 1.92% 2.24% 1.95%     charge-off 2.33% 2.40% 2.41% 2.38% American Express [[AXP]] delinquency 0.70% 0.80% 0.90% 0.80%     charge-off 1.10% 1.00% 1.10% 1.07% JPMorgan [[JPM]] delinquency 0.69% 0.78% 0.89% 0.79%     charge-off 1.72% 1.97% 2.03% 1.91% Synchrony [[SYF]] core delinquency 2.20% 2.40% 2.80% 2.47%     adjusted charge-off 3.70% 3.70% 3.80% 3.73% Discover [[DFS]] delinquency 1.50% 1.69% 1.85% 1.68%     charge-off 2.62% 2.55%

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May credit card metrics continue improving as signs of loan growth emerge