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Every Thing Else Board
Americans now $1 Trillion in credit card debt.........
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<blockquote data-quote="Hunter" data-source="post: 1478603" data-attributes="member: 25000"><p>All I am saying is that it is your claim is far fetched.</p><p>Wells Fargo has 262,700 employees</p><p>Citi has 209,000</p><p>Frost Bank 4,217</p><p></p><p>Lets be conservative and say the average employee makes 30K a year.</p><p>That would mean Wells Fargo would need to make $7.881 Billion a year in NSF fees.</p><p>Frost would need to make $126.5 million.</p><p></p><p>Frost made 1.3 billion in revenue in '16 and projected to make 1.4B in '17</p><p>Wells made 89.7 billion in '17.</p><p></p><p>If banks made enough in NSF fees to cover their payroll their ROI would be amazing.</p><p>I do think banks make a good amount of money off of credit cards but not that much.</p></blockquote><p></p>
[QUOTE="Hunter, post: 1478603, member: 25000"] All I am saying is that it is your claim is far fetched. Wells Fargo has 262,700 employees Citi has 209,000 Frost Bank 4,217 Lets be conservative and say the average employee makes 30K a year. That would mean Wells Fargo would need to make $7.881 Billion a year in NSF fees. Frost would need to make $126.5 million. Frost made 1.3 billion in revenue in '16 and projected to make 1.4B in '17 Wells made 89.7 billion in '17. If banks made enough in NSF fees to cover their payroll their ROI would be amazing. I do think banks make a good amount of money off of credit cards but not that much. [/QUOTE]
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Americans now $1 Trillion in credit card debt.........
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