Proprietary Report with Analysis on Capital One U.S. Credit Card Company Performance.
The nation’s second largest bank credit card issuer, Capital One (COF) continues to lead its peers in all metrics for the first quarter (1Q/17). For the first time, COF released a historic breakdown of its near-prime and sub-prime FICO scores based on end-of-period (EOP) U.S. credit card outstandings.
COF reported 63% of its EOP outstandings had FICO scores above 660 while 37% had scores below 660. This compares to 65% and 35%, respectively for 1Q/16.
COF posted high single digit year-on-year (YOY) gains in outstandings (OUT) and . . . .