JPMorgan Chase credit-card delinquencies decline in July

JPMorgan Chase (JPM -2.1%) July credit-card delinquency rate falls to 0.99% from 1.07% in June and 1.15% in July 2019.
Net charge-off rate of 2.03% compares with 2.06% in June and 2.21% in July 2019.
Keep in mind that accounts that are under deferral programs offered in response to the COVID-19 pandemic may not advance to the next stage of delinquency, and ultimately charge-off, under the same timeframe that would have occurred if forbearance had not been granted.
As a result, delinquency data for March and later may the affected by the amount of forbearances granted in connection with the COVID-19 pandemic.
Previously: JPMorgan's June credit-card delinquency rate improves M/M (July 15)