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

Jul. 15, 2020 9:22 AM ETJPMorgan Chase & Co. (JPM)JPMBy: Liz Kiesche, SA News Editor2 Comments
  • 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)

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