Originally Posted by
garykung
Another apple and orange. I focus on annual data while you pick on a quarter.
This is why we can never in agreement on this.
Go back, even in the bad time the investment banking and commercial banking sides of the business have been much bigger contributors than the consumer banking which CC is only part of the whole consumer banking business.
What you have missed is, you only look at the Chase banks data but you are talking about JP Morgan the whole corporation.
I give the latest quarter's info just to show how things are - no business entities would suddenly jump such HIGH percentage in one quarter to surpass the other business entity in the same corporation.
Read even more carefully on the Year to Year, comparison of EACH business entity, you will see the Growth rates of all entities are pretty much the same as in previous year's same quarter and the year before that.
In fact the investment side suffers a big decline on the Trading of Fixed Income vehicle. And it still surplus the consumer side.
If you claim CC is an important contributor of the Consumer banking, well it is probably OK, but definitely NOT nearly as important as the investment and commercial banking when you are talking about JP Margon as a whole.
I am just trying to give out more accurate information though it would bore others but it would correct the misleading statements you made.
Originally Posted by
garykung
CSP is not a bad card. IMO, CSP has been a better card over CSR.
CSR is attractive merely on the 100K bonus.
This I actually agree 100% and have been my argument for a long time, especially to those who claim CSR only has a net $55 AF over CSP which has the first year free benefit that CSR doesn't. So the first year of CSP actually is $245 cheaper, and there are many household can rotate the card among 2 to 3 or even more household members. CSP also does not charge AF of having an AU versus CSR charges $75, right?