Charge Offs

The amount of loans it had to write off as uncollectible, known as charge-offs, dropped to $2.84 billion from $4.49 billion last year. ❋ Unknown (2011)

The amount of loans it wrote off because of default, known as charge-offs, dropped for the sixth straight quarter to $2.84 billion from $4.49 billion last year. ❋ The Huffington Post News Editors (2011)

Net charge-offs fell to 2.05% of average loans from 2.27% and 2.34%, respectively. ❋ Nathan Becker (2010)

J.P. Morgan said charge-offs fell to 7.78% last month from 8.18% in August. ❋ Aparajita Saha-Bubna (2010)

Net charge-offs fell to 1.32% of average loans from 2.14% and 1.44%, respectively. ❋ Nathan Becker (2010)

Shares of Capital One Financial Corp., a card-lender-turned-bank, in afternoon trading fell 6.82% to $37.17, as charge-offs in its U.S. credit-card business rose to an annualized 8.38% in September from 8.19% in August. ❋ Aparajita Saha-Bubna (2010)

Net charge-offs increased to $26.7 million from $13.2 million and $22.8 million, respectively. ❋ Nathan Becker (2010)

Discover Financial Services said charge-offs in September totaled 7.15% of credit-card loans that have been packaged into bonds, down from 7.98% in August. ❋ Aparajita Saha-Bubna (2010)

The year-earlier quarter included $415 million of credit-loss provisions in excess of net charge-offs, $76 million of net securities losses and a $39 million gain related to its investment in Visa Inc. ❋ Nathan Becker (2010)

The company's net U.S. card charge-offs rose to $378 million, or 8.4 percent, from $368 million, or 8.2 percent, in August, Capital One said in a regulatory filing. ❋ Post (2010)

Net charge-offs, or loans that E*Trade doesn't think it can collect, were $222 million, down 37% from a year earlier. ❋ Brett Philbin (2010)

The bank reported U.S. charge-offs rose again last month after sliding in the first half of 2009 although delinquencies continued to decline. ❋ Donna Kardos Yesalavich (2010)

Net charge-offs, or loans lenders don't think are collectible, rose to 3.52% of average loans from 2.86% and 2.99%, respectively, as a result of the sold loans that needed to be written off. ❋ Matthias Rieker (2010)

Net charge-offs, or loans lenders don't think are collectible, fell to 2.69% of average loans from 3.59% and 3.18%, respectively. ❋ Nathan Becker (2010)