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JPMorgan Chase’s glass-half-full message on credit card lending

admin by admin
October 14, 2021
in Credit Cards
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JPMorgan Chase’s credit card business is showing signs of life, persuading company executives that a resumption of loan growth is getting nearer, though perhaps not right around the corner.

While total loans in consumer and community banking fell by 2% year over year during the third quarter, credit card spending continued to increase, and outstanding balances rose slightly. The rates at which customers make payments on their cards, while still unusually high, began to return to more normal levels.

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