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信用卡的盈利:利差和信用的品質

Credit Card Profitability: Interest Spreads and Credit Quality Set the Course for 2020

出版商 Mercator Advisory Group, Inc. 商品編碼 921190
出版日期 內容資訊 英文 20 Pages
商品交期: 最快1-2個工作天內
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信用卡的盈利:利差和信用的品質 Credit Card Profitability: Interest Spreads and Credit Quality Set the Course for 2020
出版日期: 2019年12月31日內容資訊: 英文 20 Pages
簡介

信用卡是美國的零售銀行提供的盈利最高的服務之一。可是因為信用卡公司不景氣之後重建,對應CARD法的策略常態化,從2014年到2017年淨利率開始降低,這期間中,信用卡銀行的資產收益率(ROA)從4.94%降低到3.37%。2018年,這個流程為之一變,ROA指標改善42基點成為了3.79%。信用卡公司,由於擴大貸款利率的保證金,改善了信用的品質而取得了利益。預計今後至2020年,也將穩定成長發展。

本報告提供美國的信用卡的資產收益率(ROA)的相關調查、 ROA的轉變,影響因素分析,與其他的商業銀行的比較,信用卡公司的ROA的保護手段等彙整資料。

調查亮點

  • 在最優惠利率較低時如何提高信用卡利率的說明
  • 信用卡產業的ROA模式的說明
  • 今後數年信用卡的盈利高的理由和風險
  • 信用卡ROA和全部的商業銀行的ROA比較
  • 信用卡公司保護ROA的手段
  • 金融機關的結果與存款機關的信用卡業務的盈利相關聯邦準備制度的議會報告書比較的工作模式

調查對象企業

  • American Express
  • Barclaycard
  • BMO
  • Capital One
  • Chase
  • Citi
  • Discover
  • Equifax
  • Experian
  • Scotiabank
  • TD
  • TransUnion
  • U.S. Bank
  • Wells Fargo
目錄

Credit card profitability appears strong for top issuers in 2020

New research report by Mercator Advisory Group indicates credit card Return on Assets metric is on the upswing and positive movement will continue in 2020.

Credit cards remain one of the most profitable offerings by retail banks in the United States. Still, margins began to slip between 2014 and 2017 as credit card issuers rebuilt their portfolios after the recession and normalized strategies in response to the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the CARD Act). Return on Assets (ROA) for credit card banks fell from 4.94% to 3.37% during that period.

The tides turned in 2018, when the ROA metric improved 42 basis points to 3.79%. Credit card issuers increased their lending margins and benefited by improved credit quality.

The analysis presented in Mercator Advisory Group's latest research report, Credit Card Profitability: Interest Spreads and Credit Quality Set the Course for 2020, explains the Return on Assets metric, illustrates which components affect the results, and describes why momentum should keep top credit card issuers profitable in the coming decade.

“Credit card issuers began to increase credit card interest margins in 2017 when the prime rate was 3.75%, and they continued to improve their margins in 2018. Indications are that the interest spread., or margin, will rise slightly into 2020,” Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group. “The momentum will likely continue through 2020 as almost 200 million cards were issued since 2017.” Riley also notes that the increased margin protects the credit card Return on Assets metric and helps shield against credit losses if the U.S. market should experience a downturn.

This research report contains 20 pages and 9 exhibits.

Companies and other organizations mentioned in this research report include: American Express, Barclaycard, BMO, Capital One, Chase, Citi, Discover, Equifax, Experian, Scotiabank, TD, TransUnion, U.S. Bank, and Wells Fargo

One of the exhibits included in this report:

One of the exhibits included in this report:

Highlights of the research report include:

  • An explanation of how credit card interest rates increased at a time when the prime rate has been low
  • A detailed explanation of the Return on Assets model in the credit card industry
  • Reasons why credit card profitability will be strong through the beginning of the new decade, and where risk exists
  • A comparison of credit card ROA to all commercial bank ROA
  • Suggestions of ways for credit card issuers to protect their Return on Assets
  • A working model to compare any financial institution results to the Federal Reserve's Report to Congress on the Profitability of Credit Card Operations of Depository Institutions
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