JP Morgan CFO Says Normalization In Credit Card Charge-offs Has Happened Even If There Is A Slight Uptick Going Ahead; Deposit Margins Yet To Normalize; We Have Been Over-Earning On Deposit Margin And Credit But On Path To Normalization
Portfolio Pulse from Benzinga Newsdesk
JP Morgan's CFO announced that credit card charge-offs have normalized, though a slight increase may occur. Deposit margins have not yet normalized, and the bank has been over-earning on deposit margins and credit, but is on a path to normalization.
October 11, 2024 | 12:29 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
JP Morgan's CFO indicates that credit card charge-offs have normalized, with a potential slight increase. Deposit margins are yet to normalize, and the bank has been over-earning on deposit margins and credit, but is moving towards normalization.
The normalization of credit card charge-offs suggests stability in JP Morgan's credit operations, which is neutral for the stock. The mention of over-earning on deposit margins and credit indicates past strong performance, but the path to normalization suggests future earnings may stabilize or decrease, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100