Allowance for credit losses decreased by $443 million to $23.0 billion as of June 30, 2026 compared to December 31, 2025 primarily driven by an allowance release in our Domestic Card loan portfolio, partially offset by a build in our auto loan portfolio
Our allowance coverage ratio decreased by 14 bps to 5.02% as of June 30, 2026 compared to December 31, 2025 primarily driven by favorable credit performance in our Domestic Card loan portfolio
The net charge-off rate decreased by 49 bps to 4.71% in Q2 2026 compared to Q2 2025 and decreased by 72 bps to 4.88% in H1 2026 compared to H1 2025 primarily due to favorable observed credit performance
the finding
Net charge-offs rose 19.0% from $3,060 million to $3,642 million, which warrants consideration alongside the stated decrease in net charge-off rates in the reason.
The report says this changed. It does not say whether that is good or bad, so neither do we.
the sentence · figures · latest period