Bank of America credit card charge-offs, delinquencies fall in May

June 17, 2025 12:51 AM AEST | By EODHD

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Bank of America credit card charge-offs, delinquencies fall in May — Image source: Kalkine Media

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[Bank of america cash rewards credit card closeup macro] GetUpStudio Bank of America's (NYSE:BAC [https://seekingalpha.com/symbol/BAC]) credit card delinquency and net charge-off rates declined in May as its lending activity edged down, according to data the company released on Monday. BA Master Credit Card Trust II's delinquency rate dipped to 1.37% in May from 1.42% in April and was roughly even with 1.38% in the same month a year ago. The metric still remains below its pre-pandemic level of 1.56% seen in May 2019. The trust's net charge-off rate of 2.44% dropped from 2.70% in April and 2.48% from May 2024. Like the delinquency rate, the print remains blow the May 2019 level of 2.83%.

Its lending activity eased some, with the trust's receivables at $15.15B at May 30, down 0.3% from $15.20B at April 30 and down 4.2% from $15.82B at May 31, 2024, according to the filing. [https://www.sec.gov/Archives/edgar/data/1128250/000112825025000085/exh99_1.htm] Bank of America (NYSE:BAC [https://seekingalpha.com/symbol/BAC]) stock rose 1.6% in Monday morning trading. MORE ON BANK OF AMERICA * Bank of America Corporation (BAC) Presents at Morgan Stanley US Financials, Payments & CRE Conference Transcript [https://seekingalpha.com/article/4794147-bank-of-america-corporation-bac-presents-at-morgan-stanley-us-financials-payments-and-cre] * I Prefer Bank of America Over Citigroup After Berkshire Hathaway Divestitures [https://seekingalpha.com/article/4792415-prefer-bank-of-america-over-citigroup-after-berkshire-divestitures] * Bank of America As A High-Yielding Income Idea [https://seekingalpha.com/article/4791035-bank-of-america-as-a-high-yielding-income-idea] * Stablecoins could reshape banking, but not without disruptions [https://seekingalpha.com/news/4458206-stablecoins-could-reshape-banking-but-not-without-disruptions] * Bank of America to redeem $3B outstanding of senior notes due June 2026 [https://seekingalpha.com/news/4457416-bank-of-america-to-redeem-3b-outstanding-of-senior-notes-due-june-2026]

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