Proprietary Report with Analysis on Bank of America U.S. Credit Card Company Performance.

Report Summary:

Bank of America, the nation’s third largest Visa and MasterCard issuer, continued to struggle in the first quarter (1Q/17) with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, except charge-offs, remain fairly stable, according to CardData.

Pre-tax net income edged up 1.1% YOY to $1224 million in 1Q/17, compared to $1290 million in the prior quarter and $1211 million for the year ago quarter. For 2016, BofA averaged $1234 million per quarter.

End-of-Period (EOP) U.S. credit card outstandings moved upward by . . . .

 

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