JPMorgan Chase Q2 Avg. Loans Up 13%, Avg. Deposits Down 6%
Portfolio Pulse from Benzinga Newsdesk
JPMorgan Chase's Q2 average loans have increased by 13%, while average deposits have decreased by 6%.

July 14, 2023 | 10:52 am
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JPMorgan Chase's Q2 report shows a 13% increase in average loans and a 6% decrease in average deposits.
The increase in loans indicates that JPMorgan Chase is lending more, which could potentially lead to higher interest income. However, the decrease in deposits could mean that the bank has less money to lend out, which could negatively impact its lending business. The net effect on the stock price is uncertain in the short term.
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