Capital One Financial Corp. reported delinquencies for its U.S. credit-card business increased in July from June, while its international credit cards delinquencies fell, according to a filing with the Securities and Exchange Commission.
The 30-day delinquency rate for U.S. cards rose to 3.18% in July from 3.05% a month earlier. That same rate for international cards dropped to 3.77% from 3.84% in June.
Chargeoffs at the U.S. card business fell to 3.76% in July from 4.06% in June. The rate internationally dropped to 4.68% from 5.37%.
Auto-loan delinquencies climbed to 6.39% from 6.03% in June. Auto financing chargeoffs rose to 1.92% from 1.59%.
Capital One reported in July that its second-quarter profit soared from a year earlier as the lender's provision for credit losses fell and revenue increased slightly. The
