Its credit card delinquency rate of 4.53% compared with 4.57% in November and declined from 4.61% a year ago. However, the rate remained above the 3.93% level in December 2019. Its net charge-off ...

The latest rate, though, still trailed the prepandemic mark of 2.86% in December 2019. Conversely, the average net charge-off rate advanced to 4.31% from 4.14% in November, 4.05% a year earlier ...

Meanwhile, the charge-off rate on credit card loans — another measure of debt distress that refers to the percentage of card balances banks have written off their balance sheet — rose to 4.69% ...

Synchrony Financial's fourth-quarter earnings results missed analysts' forecasts and investors pummeled the stock due to a jump in charge-offs.

Net charge-off rates and delinquency rates are often seen as a barometer for the health of the U.S. consumer. Read Next: Trump Reverses Biden’s AI Policies On Day 1: What It Means For Tech ...

Synchrony Financial's fourth-quarter profit and revenue came up short of forecasts on higher costs and less-than-expected net interest income.