Banks that issue a lot of credit cards are feeling pain, after JPMorgan Chase (JPM -4.9%) CFO...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Banks that issue a lot of credit cards are feeling pain, after JPMorgan Chase (JPM -4.9%) CFO Doug Braunstein warned on the company’s conference call that the decline in net charge-offs this quarter should continue in Q4, "but after that you shouldn’t expect much additional improvement." COF -3.3%, DFS -4.2%, ADS -6.2%.