Credit Card Debt Bomb? 2 Safer Bank Stocks You Can Buy Now

By Jason Hall – Mar 31, 2024 at 5:15AM

NYSE: BAC

Bank of America

Market Cap

$298B

Today's Change

(-0.27%) -$0.10

Current Price

$37.73

Price as of April 29, 2024, 2:23 p.m. ET

Credit card debt levels, defaults, and delinquencies are on the rise.

In this video, Motley Fool contributor Jason Hall breaks down the rise of credit card debt and delinquencies, how it doesn't tell the whole story, and which bank stocks he likes right now to reduce exposure and find value. Stocks discussed include Capital One Financial (COF -0.53%), Discover Financial (DFS 0.12%), Citigroup (C -0.38%), JPMorgan Chase (JPM 0.11%), Bank of America (BAC -0.27%), and Truist Financial (TFC 0.18%).

*Stock prices used were from the afternoon of March 27, 2024. The video was published on March 30, 2024.

Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Jason Hall has positions in Truist Financial. The Motley Fool has positions in and recommends Bank of America, JPMorgan Chase, and Truist Financial. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.