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市场调查报告书

信用卡的盈利:利差和信用的品质

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

出版商 Mercator Advisory Group, Inc. 商品编码 921190
出版日期 内容资讯 英文 20 Pages
商品交期: 最快1-2个工作天内
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信用卡的盈利:利差和信用的品质 Credit Card Profitability: Interest Spreads and Credit Quality Set the Course for 2020
出版日期: 2019年12月31日内容资讯: 英文 20 Pages
简介

信用卡是美国的零售银行提供的盈利最高的服务之一。可是因为信用卡公司不景气之后重建,对应CARD法的策略常态化,从2014年到2017年净利率开始降低,这期间中,信用卡银行的资产收益率(ROA)从4.94%降低到3.37%。2018年,这个流程为之一变,ROA指标改善42基点成为了3.79%。信用卡公司,由于扩大贷款利率的保证金,改善了信用的品质而取得了利益。预计今后至2020年,也将稳定成长发展。

本报告提供美国的信用卡的资产收益率(ROA)的相关调查、 ROA的转变,影响因素分析,与其他的商业银行的比较,信用卡公司的ROA的保护手段等汇整资料。

调查亮点

  • 在最优惠利率较低时如何提高信用卡利率的说明
  • 信用卡产业的ROA模式的说明
  • 今后数年信用卡的盈利高的理由和风险
  • 信用卡ROA和全部的商业银行的ROA比较
  • 信用卡公司保护ROA的手段
  • 金融机关的结果与存款机关的信用卡业务的盈利相关联邦准备制度的议会报告书比较的工作模式

调查对象企业

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

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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