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Delinquencies, charge-offs mixed at card issuers in July

Major U.S. credit card issuers posted mixed results month over month in July.

Average delinquencies among master trust portfolios at six large card issuers — American Express Co., Bank of America Corp., Capital One Financial Corp., Citigroup Inc., Discover Financial Services and JPMorgan Chase & Co. — rose 2 basis points month over month to 1.44% in July. The average net charge-off ratio fell 7 basis points to 2.22%.

The group's average trust portfolio loan yield rose 41 basis points month over month to 20.82% in July.

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Click here for the underlying data for credit card master trust yields, net charge-offs and delinquencies.