JPMorgan credit card spending ticks up, modestly helping loan growth By Reuters

JPMorgan credit card spending ticks up, modestly helping loan growth By Reuters


© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

(Corrects June 3 story to reflect that bank says 17% referred to the month of May, not the year to date)

NEW YORK (Reuters) – Spending by customers holding JPMorgan Chase & Co (NYSE:) credit cards was up 17% in May over the same period in 2019, bank co-president Gordon Smith said on Thursday.

The uptick in credit card spending should mean that loans begin to grow modestly by the end of the year, Smith said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *