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The Top 5 U.S. Credit Card Issuers with the Most Profits
| Credit Card Issuer | Net Income (2010) |
% of Total Corporate Income | |
|---|---|---|---|
| 1 | American Express | $2.25 billion | 55.4% |
| 2 | JPMorgan Chase | $2.07 billion | 11.9% |
| 3 | Capital One | $1.90 billion | 69.2% |
| 4 | Discover | $1.13 billion | n/a |
| 5 | U.S. Bancorp | $0.77 billion | 23.3% |
Special Report
- Credit cards issued by American Express last year generated net income of $2.25 billion, up from $0.41 billion in 2009. Profits were $428 million in the first quarter of 2010, $522 million in the second quarter, $595 million in the third quarter, and $701 million in the fourth quarter, making Amex the most profitable card issuer in the U.S. (a.)
- JPMorgan Chase lost $303 million in the first quarter, but that was followed by a profit of $353 million in the second quarter, $735 million in the third quarter, and $1.30 billion in the fourth quarter. (a.)
- Capital One’s card profits were $372 million in the first quarter, $483 million in the second quarter, $544 million in the third quarter, and $499 million in the fourth quarter. (a.)
- Discover had a loss of $208 million in the first quarter, then rebounded for a $386 million profit in the second quarter, $395 million in the third quarter, and $554 million in the fourth quarter. (a.)
- U.S. Bancorp had card profits of $111 million in the first quarter, $181 million in the second quarter, $215 million in the third quarter, and $266 million in the fourth quarter. (a.)
- The Neilson Report, (2011), Issue #964. Retrieved January 2012.
Tags:
Business, Finance & Industry, The United States, Brands & Consumer Products
Sources: The Neilson Report, January 2011, Issue #964.
List Notes: Data is the top 5 credit card issuers with the most income. Data is in U.S. dollars for the year 2010. Secondary data is U.S. credit card net income as a percentage of total corporate income.
Sources: The Neilson Report, January 2011, Issue #964.
List Notes: Data is the top 5 credit card issuers with the most income. Data is in U.S. dollars for the year 2010. Secondary data is U.S. credit card net income as a percentage of total corporate income.
