Credit Card ROA Remains Solid as Headwinds Gather for 2020
Credit card ROA has finally clawed its way back after the devastating “Great Recession” and “Credit Crisis” of 2008-09. All the nation’s top credit card issuers reported record profits in 2018. This past year, the estimated pre-tax, return-on-assets (ROA) rose modestly to 4.60%, compared to 4.45% for 2017, according to R.K. Hammer, credit card portfolio…