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%
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 Facts
  1. 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.)
  2. 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.)
  3. 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.)
  4. 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.)
  5. 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.)
Top 5 facts sources:
  1. 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.
U.S. Credit Card Issuers with the Most Profits

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