US Big Credit Card Corps 2Q 2013 Adjusted Earnings Up 13% and EPS Up Much Higher

There are four large US Credit Card Corps.  Their Total Adjusted Earnings increased by 13% in the 2Q 2013 over the 2Q 2012.  And on an EPS growth basis, their earnings growth was even much higher, due to their substantial stock buybacks.

There is something seriously wrong with the US economy when all of the large Financial Corps do so well all across the board in the 2Q 2013, when so many Non-Financial Corps are not doing well on the earnings front.

And there is also something unfair when these Credit Card Corps and Big Financial Corps like JP Morgan Chase and Citigroup continue to generate blowout earnings while so many of their financially-strapped customers go deeper and deeper in debt, further expanding the huge economic gap between the wealthy and everyone else.

Below here are the Adjusted Earnings of these 4 Big Credit Card Corps in both the 2Q 2013 and the 2Q 2012:

	2Q 2013	2Q 2012
	Adjusted	Adjusted
	Net	Net
	Income	Income
	From	From
	Continuing	Continuing	Increase	Increase
	Operations	Operations	(Decrease)	(Decrease)
	mil $s	mil $s	Amount	%
Big Credit Card Corps
American Express	1,405	1,339	66	5%
Visa	1,225	1,055	170	16%
MasterCard	848	700	148	21%
Discover Financial Services	602	525	77	15%
Total all 4	4,080	3,619	461	13%