JPMorgan Grew Its Market Share In U.S. Credit Card Market In Q2

by Trefis Team
JPMorgan Chase
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The U.S. card industry recovered in Q2 from the seasonal decline it witnessed over the first quarter to grow to $784 billion in size at the end of the period. And while each of the ten largest U.S. card lenders benefited from this trend, JPMorgan reported better growth than the overall industry thanks to its continued focus on the affluent segment. This helped JPMorgan’s market share increase to almost 18% at the end of Q2 2017.

It should be noted that the card lending industry in the U.S. is extremely consolidated, with the four largest issuers garnering a market share of almost 60%, and with the top 10 players accounting for nearly 90% of the entire market.

Figures for individual card issuers at the end of Q2 2017 are taken from their annual SEC filings. It should be noted that the figures for American Express and Discover here capture the outstanding balances for cards they issued directly, not those that are issued for their payment networks by other card lenders. The total card debt figure is as compiled by the New York Fed here.

The chart below captures JPMorgan’s total credit card portfolio. You can see how changes to JPMorgan’s card portfolio affects our price estimate for the bank by modifying the chart below.

See Trefis analysis for U.S. Bancorp | Wells Fargo | JPMorgan ChaseBank of America | Citigroup | Capital OneAmerican Express | Discover | Barclays

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