The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers
- Date: 28-Oct-2020
- Source: The Wall Street Journal
- Sector:Economy
- Country:Middle East
The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers
Consumers are spending money as if the coronavirus recession is over. But they are also paying down old debts and avoiding new ones in case the pandemic lasts a while.
That is the discordant picture of the U.S. economy that emerged from third-quarter earnings reports from some of the country's largest credit-card issuers.
Capital One Financial Corp.
,
Discover Financial Services
DFS -0.94%
and