JPMorgan's June credit-card delinquency rate improves M/M

• JPMorgan Chase (NYSE:JPM) June credit card delinquencies of 1.07% improved from 1.20% in May and compares with 1.15% in June 2019; lagging three-month average comes to 1.18%.
• Net charge-offs of 2.06% vs. 2.34% in May and 2.21% in June of last year; lagging three-month average 2.28%.
• Note: Generally, customers in forbearance plans who are late on payments aren't included in delinquency numbers.
• Previously: JPMorgan Chase May net charge-off, delinquency rate fall M/M (June 15)