Better than expected earnings may not be helping JPMorgan (JPM) shares, but as one of the...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor
Better than expected earnings may not be helping JPMorgan (JPM) shares, but as one of the largest U.S. credit card issuers, Citi analysts think its positive trends bode well for issuers. JPM's Y/Y growth rate of card spending is moving up and Q2 charge-offs are expected to improve, apparently "a sold read through" for V +1.5%, MA +1.7% and AXP -0.9%.