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  "documentTitle": "US Credit Card Issuer Performance 1Q 2023",
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      "text": "At an aggregated level, both outstandings and purchase volume had double digit YoY growth in 1Q 2023. However, purchase volume growth is decelerating while outstandings growth is accelerating.",
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      "text": "Wells Fargo, Chase, and American Express performed better than the industry average in both outstandings and purchase volume growth. PLCC heavy Synchrony and Citi PLCC had the lowest outstandings and purchase volume growth respectively",
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      "text": "1. Aggregated sum of the issuers tracked. Source: Company reports, McKinsey Credit Card Issuer Performance Model (1Q 2023)",
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