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pipeguy
Posts: 827
Registered: ‎10-31-2011
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Interesting look at AmEx, Discover & Cap-One Credit Card Business

This article looks at stock valuation of AmEx, Discover and Capital One, but also offers an inside look at account holders buying-spending stats.


Quotes from the article (brief quotes)

 

  • Increased card member spending resulted in record American Express first quarter revenues and earnings.
  • While Capital One customers purchase more on average with their cards than Discover, Capital One extends credit to lower quality borrowers
         and does not process payments.
  • Despite a reasonable valuation, Discover remains a second-tier credit provider whose customers do not spend much and have credit problems.

 http://seekingalpha.com/article/547651-amex-remains-golden-standard-of-lucrative-credit-card-industr...


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