First-Quarter Card Profits

First-Quarter Card Profits Big 6 Tad Up YOY Re-Pricing Lag Fades

First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the compound annual growth rate (CAGR) is running about 2.77%. Profits (after tax) among the nation’s…