🇺🇸#marketsize #creditcard #us #macro
US credit-card purchase volume

#COF

⚠️🇺🇸#default #lending #us #banks #warning
BBG: delinquencies on auto loans, credit cards, and mortgages have started to increase significantly in the US

#COF #ALLY

⚠️🇺🇸#default #us #creditcard
Apollo: the delinquency rate on credit cards in the US is nearing the 2008 level across all age groups

#COF

🇺🇸#banks #us #deposit
the pace of deposit reduction at US banks has slowed down

💥WSJ: US online banks have seen a growth in their deposit base

#COF #ALLY

⚠️🇺🇸#default #us #debt #lending #macro
US - Delinquency rates on various types of loans, excluding student loans, continue to rise

#COF #ALLY #NAVI

💥🇺🇸#banks #us #keepcalm
Fed: US's largest banks pass stress tests successfully

Fed: all 23 banks tested remained above their minimum capital requirements during the hypothetical recession, despite total projected losses of $541B

Fed: major banks are resilient to significant (-40%) commercial real estate decline #realestate

#COF

🇺🇸#banks #lending #cars
US banks are continuing to cut back on auto lending, and some are even completely exiting this business

#COF #CFG #ALLY

🇺🇸#lending #us #student
Supreme Court strikes down Biden's plan to forgive student loan debt

New York Fed: student loan borrowers had over $195B in waived payments, likely exceeding $300B now

Deutsche: if students are going to have to resume their payments, that will have an effect on credit card #banks

⚠️#NAVI #SLM #OMF #COF

🇺🇸#COF #watchlist
Capital One:
- Q2 Non-GAAP EPS of $3.52
- Revenue of $9.01B (+9.5% Y/Y)

⚠️🇺🇸#banks #us #lending #macro
US - Banks credit is contracting

#COF #ALLY

⚠️🇺🇸#banks #creditcard #defaults #us #economy
delinquencies on U.S. credit cards continue to rise

#COF #BFH