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Category: Bank of America

Credit Card Pre-Tax ROA Nears 5% for 2019

January 24, 2020 CardBuzz Staff

Credit card ROA (pre-tax return on assets) for 2019 is estimated to rise to 4.80%, compared to 4.60% for the…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Profits, Uncategorized

Tax Cut Windfall Brings Card Profits Slowly Back to Reality

December 20, 2019 CardBuzz Staff 20 Comments

Credit card profits (after tax) among the nation’s Top 4 bank credit card issuers shriveled by 4.2% YOY (year-on-year) in…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Profits

Credit Card Losses Tick Up to New Highs Despite Economy

December 13, 2019 CardBuzz Staff 1 Comment

Consumer credit card losses, or charge-offs, among the Top 100 U.S. banks, are continuing to rise to levels for a…

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Posted in: Bank of America, BUSINESS, Capital One, Charge-Offs, Chase, Citibank

Chase Leads Top 4 Issuers in Q3 Growth by a Wide Margin

December 10, 2019 CardBuzz Staff

Third-quarter card loan growth, among the Top 4 U.S. issuers, grew a solid 4.3% year-on-year (YOY), compared to 2.6% YOY…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Consumer Debt, Credit Cards, Debt

Consumers Struggle with Card Payments in Juiced Economy

December 2, 2019 CardBuzz Staff

U.S. card late payers continue to creep upward to levels not seen since 2013 and running about 40 bps (basis…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Delinquency, Economy, Federal Reserve

U.S. Credit Card Yields Hold at Record Highs

November 15, 2019 CardBuzz Staff

U.S. card yield, as an average for the nation’s Top 4 issuers, remained at record levels in the third-quarter posting…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Yield

Q3 Charge-Offs March North

November 6, 2019 CardBuzz Staff

Third-quarter card charge-offs among the Top 4 U.S. bank credit card dropped sharply from the prior quarter, a historical pattern,…

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Posted in: Bank of America, BUSINESS, Capital One, Charge-Offs, Chase, Citibank

Credit Card Delinquency Heading to 7-Year Highs

November 3, 2019 CardBuzz Staff

Third-quarter card delinquency, among the nation’s top four credit card issuers, continued to march upward, now hovering at levels not…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Credit Cards, Delinquency, Economy, Spending

Buffett Remains Bullish on Banking Stocks

October 18, 2019 CardBuzz Staff

Warren Buffett’s current portfolio has a weighting of 47% for the financial services sector, which is a clear indication of…

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Posted in: Bank of America, CONSUMER, Investing

BofA Testing Ripple Blockchain

CardBuzz Staff

Bank of America, the second-largest bank in the U.S., has quietly tested out Ripple’s distributed ledger technology – and may…

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Posted in: American Express, Bank of America, Blockchain, BUSINESS

Third-Quarter Earnings Reports for Payments Hit Next Week

October 15, 2019 CardBuzz Staff

Third-quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses are underway before the…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Discover, Mastercard, Visa

U.S. Credit Card Loan Loss Reserves Jump

October 11, 2019 CardBuzz Staff

Card loan loss reserves rose sharply among the nation’s largest issuers, however, charge-offs among the Big 6 domestic credit card…

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Posted in: American Express, Bank of America, BUSINESS, Capital One, Charge-Offs, Chase, Citibank, Discover

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