Industry-wide net charge-offs declined 9 bps in the first quarter of 2014, reaching their lowest level since 2007, notes Barclays in their recently published analysis of U.S. Large-Cap and Mid-Cap Banks. Jason M. Goldberg and colleagues at Barclays in their Equity Research report dated May 21, 2014, analyzed the Fed’s quarterly report on bank net charge-offs (NCOs) and delinquencies for 1Q14. Broad-based improvement The Barclays’ analysts point out that net charge-offs exhibited broad-based improvement. For instance, mortgage, CRE and other consumer and credit card all posted declines. As can be deduced from the following table, all major categories are currently…
U.S. Banks’ Asset Quality Improves With Less Net Charge-offs
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports