Moody's: Better asset quality will boost credit card profits

04/10/2012 | AmericanBanker.com (free registration)

Moody's Investors Service predicts that credit card charge offs will drop this year to about 4.5%, a decline of 15% to 20%. Improving asset quality will likely help boost issuers' profits, Moody's said. Asset quality has improved as the job market strengthened, cardholders increased payments and issuers continued cleansing portfolios.

View Full Article in:

AmericanBanker.com (free registration)

Published in Briefs: