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|
|mil $s||mil $s||Amount||%|
|Big Credit Card Corps|
|Discover Financial Services||602||525||77||15%|
|Total all 4||4,080||3,619||461||13%|