JPMorgan Q3 Credit Costs $1.4B Included $1.5B Of Net Charge-Offs And $113M Net Reserve Release
Portfolio Pulse from Bill Haddad
JPMorgan's Q3 credit costs amounted to $1.4 billion, which included $1.5 billion of net charge-offs and a net reserve release of $113 million.
October 13, 2023 | 10:56 am
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JPMorgan's Q3 credit costs were $1.4 billion, including $1.5 billion of net charge-offs and a net reserve release of $113 million.
The high credit costs, including net charge-offs, indicate potential credit quality issues, which could negatively impact JPMorgan's financial performance and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100