U.S. card yield, as an average for the nation’s Top 4 issuers, remained at record levels in the third-quarter posting a small uptick sequentially. All of the issuers, except Chase, posted higher yields in the third-quarter from the prior quarter. However, this is fourth consecutive quarter wherein all of the Top 4 exceeded 10%. The U.S. Top 4 Issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], Citibank [C]) credit card yield rose 5 basis points (bps) sequentially at 12.29% and up 35 bps year-on-year (YOY) for the third-quarter (3Q/19), compared to 12.24% for the prior quarter, and 11.94% for 3Q/18. . . .
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