HIGHEST ROA EARNINGS FOR BANKCARDS SINCE 1988
West coast investment bankers and credit card portfolio brokers, R. K. Hammer, released their model for 2003 credit card industry earnings.
Comparative Pre-tax Net Income Among Competitors, & Trend From Prior Year
Credit Unions: 1.05% ROA (down 5 basis points)
General Bank Cards: 4.53% ROA (up 25 basis points)
Monolines (pure-plays) 4.25% ROA (up 42 basis points)
Monolines, in real dollar earnings, not ROA percentages, still have the vast lion’s share of industry earnings, as they have held for many years.Details