JPMorgan Chase credit card charge-offs improve in July, delinquencies roughly stable

[Credit card, hands or payment on a money machine by a happy customer via digital technology in a cafe. Finance, security or happy person shopping, buying or paying cash bill at store or coffee shop]
Tassii

JPMorgan Chase (NYSE:JPM [https://seekingalpha.com/symbol/JPM]) credit card trust's net charge-off rate declined in July, while its delinquency rate ticked up and its lending activity remained roughly unchanged during the month, according to a filing on Friday.

Chase Issuance Trust delinquency rate ticked up to 0.86% in July from 0.84% in June. The level is still below its pre-pandemic level of 1.15% in July 2019.

Its net charge-off rate of 1.54% dropped from 1.69% in June and 2.21% six years ago.

Principal receivables outstanding were little changed at $12.36B at the end of July vs. $12.39B at the beginning of the month, according to the filing. [https://www.sec.gov/Archives/edgar/data/1174821/000119312525181237/d66504dex992.htm]

MORE ON JPMORGAN CHASE

* JPMorgan: Life's Good At The Top [https://seekingalpha.com/article/4812340-jpmorgan-lifes-good-at-the-top]
* JPMorgan: Set To Win Big From Goldman's Apple Card Divestiture [https://seekingalpha.com/article/4810269-jpmorgan-set-to-win-big-from-goldmans-apple-card-divestiture]
* JPMorgan Chase's Newest 6% Bond Appears Better Than CDs Or Treasuries [https://seekingalpha.com/article/4805244-jpmorgan-chases-newest-6-percent-bond-appears-better-than-cds-and-treasuries]
* Fintech, crypto CEOs fight against banks' proposed data access fees [https://seekingalpha.com/news/4485401-fintech-crypto-ceos-fight-against-banks-proposed-data-access-fees---report]
* Corporate America is buying back shares at a record pace [https://seekingalpha.com/news/4482996-us-companies-stock-buybacks]