By Allison Prang
Here is a take a look at credit score high quality at a few of the nation’s largest banking firms for the fourth quarter because the Covid-19 pandemic continues to weigh on customers and companies.
PNC FINANCIAL SERVICES GROUP INC.:
–PNC had a credit-loss recapture of $254 million. Within the third quarter, it recorded a $52 million provision.
–Non-performing loans to whole loans was 0.94%, up from 0.84% in 3Q.
–Web charge-offs to common loans was 0.37%. It rose from 0.24% in 3Q.
JPMORGAN CHASE & CO.:
–JPMorgan had a credit-loss launch of $1.89 billion. In 3Q, its provision for credit score losses was $611 million.
–Nonaccrual loans to whole loans was 1.04%, down from 1.11% in 3Q .
–JPMorgan’s web charge-off price for retained loans was 0.44%. In 3Q, it was 0.49%.
–Citigroup had a launch for credit score losses and for advantages and claims of $46 million. In 3Q, its provision was $2.38 billion.
–Nonaccrual loans as a proportion of whole loans was 0.84%, up from 0.79% in 3Q.
WELLS FARGO & CO.:
–Wells Fargo had a credit-loss launch of $179 million, in contrast with a 3Q provision for credit score losses of $769 million.
–Nonaccrual loans as a proportion of whole loans was 0.98%, up from 0.87% in 3Q.
–Whole web charge-offs as a proportion of common loans was 0.26%, down from 0.29% in 3Q.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires
January 15, 2021 10:03 ET (15:03 GMT)
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