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Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. Partnership developments.
It might not have been a great week in the stock market for tech or retail firms, but by the numbers, there’s also been an awful lot of demonstrated growing consumer affection for all things digital when it comes to commerce. 6 billion: Number of new credit cards circulated each year. billion: Amazon North American sales in Q3.
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