Wall Street is growing increasingly skeptical that Bank One Corp. can turn its First USA credit card subsidiary around.

The company's chairman, John B. McCoy, "thinks he can turn around First USA," said Katrina Blecher, an analyst at Brown Brothers, Harriman & Co. in New York, on Friday. "I disagree with him."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.