TITLE

Consumer Lender Stocks Jump After Positive Reports

AUTHOR(S)
Rieker, Matthias
PUB. DATE
August 2003
SOURCE
American Banker;8/13/2003, Vol. 168 Issue 155, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Improving consumer credit quality at Capital One Financial Corp. and to some extent at AmeriCredit Corp. appeared to give investors relief on Tuesday and helped fuel a rally for major card lenders' stocks. The McLean, Virginia-based credit card company said that the loss rate on loans on its balance sheet fell 45 basis points, to 5.75%.
ACCESSION #
10560184

 

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