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  "documentTitle": "US Credit Card Issuer Performance 1Q 2023",
  "authorId": "McKinsey",
  "authorName": "McKinsey",
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  "notes": "The chart notes that Wells Fargo's P/E ratios for 2Q-4Q 2020 were extremely high due to low EPS, causing them to be excluded from the visual range.",
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      "kind": "chart",
      "text": "Line chart showing P/E ratio trends for four banks",
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      "kind": "disclaimer",
      "text": "1. Price as a multiple of last 12 months earnings per share\n2. Wells Fargo's P/E ratios for 2Q 2020, 3Q 2020, and 4Q 2020 were 42.02%, 61.79%, and 68.56% respectively (not visible in the chart). High P/E ratios were due to low EPS during these quarters",
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      "text": "P/E ratio",
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      "kind": "source-note",
      "text": "Source: S&P Capital IQ",
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      "kind": "title",
      "text": "P/E ratio at company level (diversified issuers)",
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