THE BLOG
04/18/2010 05:12 am ET Updated May 25, 2011

Four Perspectives on Credit Card Defaults

In Forbes's "Credit Card Defaults Decrease, But Long Road Ahead," Bank of America (BAC), American Express (AXP), JPMorgan Chase (JPM) and Capital One (COF) offered a mixed look at credit card debt.

Bank of America net charge offs -- the percentage of loans predicted to default -- dropped to 13.3% from 13.5% and American Express's net charge offs dropped from 7.1% to 7%.

On the flip side, Capital One reported an increase in net charge offs from 10.14% to 10.4%, while JP Morgan's net charge offs skyrocketed from 7.11% to 10.91%.

Although shares of these stocks are rallying, that's still a lot of deadbeats to get excited about.