Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic
PYMNTS
OCTOBER 23, 2020
Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 billion, the bank reported in its supplemental earnings materials. Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Capital One Financial Corp.
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