Proprietary Report with Analysis on Global Credit Card Profit/Loss.
Profits for the top four networks were all over the map year-on-year (YOY) in the first quarter (1Q/17).
The network peer group net income declined 29.9% YOY for 1Q/17, driven by huge declines posted by Visa and American Express.
Since 1Q/16 Visa folded in the Visa Europe portfolio and began reporting operational Visa Europe data in the third quarter. American Express dumped its Costco and JetBlue card portfolios in the second quarter of 2016.
Visa, Mastercard, American Express and Discover reported . . . .