Bank of America (BAC) Master Trust Net charge offs 2.40% (prev. 2.24% M/M), total delinquencies 1.38% (prev. 1.43% M/M)

Bank of America reported an increase in its Master Trust net charge-offs to 2.40%, up from 2.24% month-over-month, suggesting a slight deterioration in credit quality. However, total delinquencies fell to 1.38% from 1.43%, indicating an improvement in customers' overall ability to make payments. The net charge-off increase could raise concerns over potential future losses, while the decline in delinquencies may provide some reassurance about ongoing credit performance.