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Credit Cards: Asset Quality Review 1Q09

Published May 04, 2009

11 pages (7607 words) — Published May 04, 2009

Price US$ 999.00 | Buy this Report Now

About This Report

Brief Excerpt:

...Credit card asset quality metrics surpassed historical peaks in the first quarter as the unemployment rate surged 130 basis points and Fitch believes end-of-quarter delinquency levels, combined with low recovery prospects, signal material deterioration in card losses in the second quarter. The higher portfolio losses combined with lower spend volume and smaller loan portfolios are expected to challenge card segment profitability in 2009. Still, Fitch expects issuers with less dependence on interest spread income, like American Express, will fare relatively better. Long-Term IDR...

Report Type:

Special Report

Ticker(s)

ADVNA , AXP , BAC , C , COF , DFS , JPM

Issuer

Discover Financial Services

Format:

PDF

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MLA:	Fitch Research. "Credit Cards: Asset Quality Review 1Q09" May 04, 2009. Alacra Store. Apr 30, 2024. <http://www.alacrastore.com/fitch-credit-research/Credit-Cards-Asset-Quality-Review-1Q09-435698_report_frame>

APA:	Fitch Research. (). Credit Cards: Asset Quality Review 1Q09 May 04, 2009. New York, NY: Alacra Store. Retrieved Apr 30, 2024 from <http://www.alacrastore.com/fitch-credit-research/Credit-Cards-Asset-Quality-Review-1Q09-435698_report_frame>

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