The real profit in the credit card business is the revolving balances, ... Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.
More Quotes from Gerard Cassidy:
It's a resolution of a long-simmering cloud that'd been hanging over this company. Though it's painful, the resolution could have been worse. It's good news that it's resolved.Gerard Cassidy
Because its three main competitors shot the lights out, Bank of New York's solid, respectable results disappointed people.
Gerard Cassidy
I wouldn't view this as any indication the company is putting itself up for sale. I think it's an indication of better corporate governance. What they are trying to show everyone is that there's not going to be any artificial hurdles to them being acquired.
Gerard Cassidy
I don't know any strong company that cuts its dividend in half.
Gerard Cassidy
If it were as negative as it appears on the surface, Microsoft stock would be dropping like a rock, and it's doing just the opposite. It doesn't appear to be something that's material in nature.
Gerard Cassidy
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Based on Topics: Business & Commerce QuotesBased on Keywords: calibrated
All of nature begins to whisper its secrets to us through its sounds. Sounds that were previously incomprehensible to our soul now become the meaningful language of nature.
Rudolf Steiner
An object in possession seldom retains the same charm that it had in pursuit.
Pliny the Elder
The best audience is intelligent, well-educated and a little drunk.
Alben W. Barkley