poor outlook...The stocks is performing really poor these days.
Also, the analysts have downgraded their rating. Don't know if its a good time to get in.
I find their asset backed securities portfolio interesting and that the reason I have been tracking (ADS) credit card business over the last 3 months and have noticed that the yield on their credit card business decreasing, credit losses and delinquencies are inching up.
However, It seems that losses are increasing, but no wonder its inline with the credit card industry trends.
FYI, a good free resource with lots of relevant charts, articles, etc on ADS and many more banks is
www.uscreditrisk.com