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Category: Profits

Trump Tax Cuts and Jobs Act Fizzled for Americans Bigly

December 28, 2020 CardBuzz Staff 23 Comments

President Trump, after signing the Tax Cuts and Jobs Act into law on Dec. 22, 2017, called it “rocket fuel”…

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Posted in: Banking, CONSUMER, Consumer Debt, Data, Debt, Economy, Federal Reserve, Mortgages, Profits, Taxes, Uncategorized

Amazon Threatens Face Mask Price Gougers

February 26, 2020 CardBuzz Staff 98 Comments

As the world struggles to contain the Covid-19 coronavirus disease, social media and news sites have flooded with pictures of people…

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Posted in: Amazon, BUSINESS, Health, Marketing, Profits, Scams, Uncategorized

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

Trade War Biggest Blunder Ever Costing U.S. Bigly

January 7, 2020 CardBuzz Staff

A year and a half after President Donald Trump’s trade war with China began, the economic data is becoming irrefutable:…

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Posted in: CONSUMER, Federal Reserve, Profits, Retail, Small Business, Spending, Taxes, Trade Tariffs

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

Card Network Profits Jump 24%

September 12, 2019 CardBuzz Staff

Second-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS],…

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Posted in: American Express, BUSINESS, Discover, Mastercard, Profits, Visa

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