Chase Becomes First U.S. Issuer to Top $1B in Q Profit
Profits (after tax) among the nation’s top four bank credit card issuers rose 3.4% in the fourth quarter (4Q/15), compared to one year ago (YOY), but down 0.3% sequentially (QTQ). Aggregate card after tax profits for the top four issuers logged in at $2826 million for 4Q/15, compared to $2834 million in 3Q/15 and $2734…