Credit card delinquency rates rose for the first time in nearly a year, according to analysts at Fitch Ratings. Combined with rising unemployment figures and concerns about the long term effects of Hurricane Sandy, the report scared investors into a sell-off that affected shares of Capital One and Citi during November. The financial research firm reported that "late stage" credit card delinquencies rose just two basis points in October. That slight upward shift was just enough to break a yearlong streak during which fewer consumers allowed their credit cards to fall more than 60 days past due. "Early stage" delinquencies remained stable, while overall charge-off rates continued to fall. In fact, Fitch analysts report, banks have had to charge off the smallest percentage of their credit card portfolio in October since 2007. The authors of Fitch's Prime Credit Card Chargeoff Index noted that Citibank's portfolio experienced a "small blip" upwards in its charge-off measurement. However, Fitch reported that Bank of America, Capital One, Chase, and Discover all experienced fewer defaulted credit card balances in October than in September.