Ladder Capital Corp
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Ladder Capital Corp is a commercial real estate finance company. The Company's segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company's investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.

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Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds

7:00 am ET August 20, 2020 (BusinessWire) Print

U.S. credit card customers appear to be losing faith that their card issuers will be there for them when they need it most as the COVID-19 pandemic continues to drag on consumer confidence. The J.D. Power 2020 U.S. Credit Card Satisfaction Study,(SM) released today, finds a significant decline in key cardholder satisfaction metrics since the pandemic began.

This press release features multimedia. View the full release here:

"Through the first two months of 2020, credit card customer satisfaction was on track to set record highs," said John Cabell, director of banking and payments intelligence at J.D. Power. "That all reversed course when COVID-19 entered the equation, with satisfaction, trust, advocacy and brand image attributes resulting in sharp declines in May 2020. We're living in a moment of truth for card issuers, and results in the next few months will be key to determining whether this decline constitutes a lasting trend. Issuers' ability to communicate proactively and work closely with customers to address their pain points and fears will be critical to their long-term viability."

Following are some key findings of the 2020 study:

Key cardholder satisfaction metrics plummet during pandemic: Credit card issuers were on the path to earning record high levels of customer satisfaction during the first three waves of the 2020 study, which were all conducted prior to the pandemic. Those gains were cut in the final wave of the study, with overall satisfaction falling 10 points (on a 1,000-point scale), led by declines in satisfaction with credit card terms and communications. Boosted by pre-pandemic gains, overall satisfaction for the entirety of the 2020 study results in an overall increase of just 6 points from 2019. Pandemic-linked declines in customer satisfaction unique to credit card issuers: J.D. Power has been tracking customer satisfaction and overall consumer sentiment in response to the pandemic across several industries. Among credit cardholders, the recent declines across all key metrics are unique. Satisfaction among customers of other consumer financial services, such as retail banks and primary mortgages, have improved during the pandemic. Affluent and financially affected customers show sharpest declines: Some of the largest declines in credit card customer satisfaction are in the affluent/mass affluent segment, in which overall satisfaction scores have declined 14 points since the beginning of the pandemic. Customers in this segment are typically some of the most financially important to credit card companies. Also, customers who have been financially affected by the pandemic have overall satisfaction that is 14 points lower than those who have not been financially affected. Card issuers lag banking and mortgage industry on proactive customer outreach: Just 36% of credit card customers indicate they've been proactively contacted by their card issuer during the past 12 months. That compares with 60% of mortgage customers and 48% of retail banking customers during a similar timeframe. Communication with customers is critical to building trust and brand loyalty during uncertain economic times and, at the same time, customers should always contact their card issuer if they have questions or need assistance with their account. Few customers planning to switch cards: In the midst of the pandemic, 89% of credit card customers say their current card fully meets their needs. This fact is a silver lining for issuers, because the decline in satisfaction is not an indicator of near-term defection by customers. However, issuers should ensure that customers understand the terms and benefits associated with their cards, and customers, in turn, should be willing to change cards if fee-based perks or travel points are no longer relevant in the current environment.

Study Rankings

American Express ranks highest in customer satisfaction among national issuers, with a score of 838. Discover (837) ranks second and Bank of America (812) ranks third.

Regions Bank ranks highest in customer satisfaction among regional bank issuers, with a score of 816. BB&T and PNC rank second in a tie, each with a score of 815.

The U.S. Credit Card Satisfaction Study, now in its 14th year, measures customer satisfaction with credit card issuers by examining six factors (in descending order of importance): interaction; credit card terms; communication; benefits and services; rewards; and key moments. The study includes responses from 29,106 credit card customers and was fielded in four waves from September 2019 through June 2020 (Wave 1--September 2019; Wave 2--November-December 2019; Wave 3--February-March 2020; Wave 4--May-June 2020).

For more information about the 2020 U.S. Credit Card Satisfaction Study, visit

To view the online press release, please visit

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

J.D. Power is headquartered in Troy, Mich., and has offices in North America, Europe and Asia Pacific. To learn more about the company's business offerings, visit The J.D. Power auto shopping tool can be found at

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SOURCE: J.D. Power">

Media Relations Contacts
John Roderick; East Coast; 631-584-2200; 
Geno Effler, J.D. Power; West Coast; 714-621-6224;
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