Delinquencies typically grow late in the year. Curt Beaudouin, a Moody's analyst, wrote in a report this month that the rating agency still expects industrywide chargeoffs to peak during the first half of next year, roughly in tandem with the unemployment rate, which rose 0.4 percentage point, to 10.2%, in October. The chargeoff rate in Capital One Financial Corp.'s portfolio of U.S. credit card loans fell 73 basis points, to 9.04%, in October, and its delinquency rate rose 34 basis points, to 5.72%. Last week, the company reiterated its projection that the dollar amount of its chargeoffs will peak in the "next couple quarters," though the chargeoff rate will continue rising after that as receivables decline. Moynihan said BofA is focusing on cultivating cardholders who have deposit and other accounts at the company, while letting "other portfolios which are more stranded run off."