Citi: September card delinquencies and net principal losses rise
FROM THE WIRE · FINANCE.YAHOO.COM
Citigroup Inc. C continues to navigate credit-quality challenges amid an uncertain economic environment. According to its latest SEC filing, its subsidiary, Citibank N.A., reported higher credit card delinquencies and net principal losses in September 2026, while outstanding…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWorsening credit quality in Citi's cards may weigh on expectations for the banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Receivables 30 or more days delinquent rose to 1.35% from 1.29% in August.
- 02The annualized net principal loss rate climbed to 2.18% from 2.03% in August.
- 03Trust principal receivables fell to $18.7 billion from $19.1 billion.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets