Citigroup (NYSE: C) bucked the seasonal trend and broke with the rest of the Big Six credit card issuers in September, posting a decline in late payments from the previous month.
A rapid improvement this year in the credit profile of Citi’s securitized card loans has put the company, which had been lagging for much of the recovery, firmly in the middle of the pack. (Performance data for the nation’s largest card lenders through reports filed this week is shown in the graphic below. Interactive controls are described in the captions. Text continues after the graphic.)