CHART OF THE DAY: Here’s One Improving Metric That Banks Can Be Proud Of

Loan losses.

FactSet tracks the loan losses of 25 of 81 financial companies in the S&P 500.  And they’re down notably.  According to up-to-date estimates, Q4 loan losses will be down 36% year-over-year.

However, the rate of decline is expected to taper.  Over the next four quarters, loan losses are expected to fall by around 2.7%.