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Citigroup's Card Delinquencies & Charge-Offs Improve Y/Y in April
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Key Takeaways
Citigroup's April card delinquency rate fell to 1.40% from 1.43% in March and 1.41% a year ago.
C's net charge-off rate dropped to 2.11% in April from 2.58% in March and 2.70% in 2025.
Citibank's principal receivables rose to $19.5B in April from $19.1B in March but fell year over year.
Citigroup Inc.’s (C - Free Report) subsidiary, Citibank N.A., has reported improving performance in its credit card metrics for April 2026 in a recent SEC filing. While delinquency and net charge-off rates declined compared with the prior month and the prior-year period, principal receivables witnessed modest sequential growth.
For the period ending April 2026, the Citibank Credit Card Master Trust delinquency rate declined to 1.40% from 1.43% in March 2026 and 1.41% in April 2025. The latest figure also compares favorably with the 1.61% level recorded in April 2019, before the onset of the COVID-19 pandemic.
Meanwhile, the Credit Card Issuance Trust’s net charge-off rate declined to 2.11% in April 2026 from 2.58% in March 2026. The figure remained lower than both 2.70% in the prior year and 2.96% recorded in April 2020.
Citibank’s credit card lending activity saw modest expansion during the month. Principal receivables grew to $19.5 billion as of April 2026 from $19.1 billion at the start of the previous month. However, the figure marked a decline from $20.9 billion reported in April 2025, indicating some slowdown in year-over-year consumer borrowing activity.
Citigroup’s Price Performance & Zacks Rank
Shares of Citigroup have gained 25.4% over the past six months compared with the industry’s growth of 5.4%.
Bank of America’s (BAC - Free Report) credit card metrics improved year over year in April 2026, driven by lower delinquency and net charge-off rates. The BA Master Credit Card Trust II’s delinquency rate stood at 1.32% in April, down from 1.42% a year earlier.
The net charge-off rate of BAC was 2.39% in April compared with 2.70% in April 2025.
JPMorgan Chase & Co.’s (JPM - Free Report) credit card trust performance in April 2026 reflected lower delinquencies but slightly higher net charge-offs. The Chase Issuance Trust’s delinquency rate decreased to 0.87% in April from 0.89% in April 2025.
In contrast, the net charge-off rate of JPM increased to 1.68% in April 2026 from 1.67% in the prior year.
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Citigroup's Card Delinquencies & Charge-Offs Improve Y/Y in April
Key Takeaways
Citigroup Inc.’s (C - Free Report) subsidiary, Citibank N.A., has reported improving performance in its credit card metrics for April 2026 in a recent SEC filing. While delinquency and net charge-off rates declined compared with the prior month and the prior-year period, principal receivables witnessed modest sequential growth.
For the period ending April 2026, the Citibank Credit Card Master Trust delinquency rate declined to 1.40% from 1.43% in March 2026 and 1.41% in April 2025. The latest figure also compares favorably with the 1.61% level recorded in April 2019, before the onset of the COVID-19 pandemic.
Meanwhile, the Credit Card Issuance Trust’s net charge-off rate declined to 2.11% in April 2026 from 2.58% in March 2026. The figure remained lower than both 2.70% in the prior year and 2.96% recorded in April 2020.
Citibank’s Credit Card Lending Shows Sequential Growth
Citibank’s credit card lending activity saw modest expansion during the month. Principal receivables grew to $19.5 billion as of April 2026 from $19.1 billion at the start of the previous month. However, the figure marked a decline from $20.9 billion reported in April 2025, indicating some slowdown in year-over-year consumer borrowing activity.
Citigroup’s Price Performance & Zacks Rank
Shares of Citigroup have gained 25.4% over the past six months compared with the industry’s growth of 5.4%.
Currently, C carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Banks in Card Delinquency
Bank of America’s (BAC - Free Report) credit card metrics improved year over year in April 2026, driven by lower delinquency and net charge-off rates. The BA Master Credit Card Trust II’s delinquency rate stood at 1.32% in April, down from 1.42% a year earlier.
The net charge-off rate of BAC was 2.39% in April compared with 2.70% in April 2025.
JPMorgan Chase & Co.’s (JPM - Free Report) credit card trust performance in April 2026 reflected lower delinquencies but slightly higher net charge-offs. The Chase Issuance Trust’s delinquency rate decreased to 0.87% in April from 0.89% in April 2025.
In contrast, the net charge-off rate of JPM increased to 1.68% in April 2026 from 1.67% in the prior year.