JPMorgan bank card spending ticks up, modestly serving to mortgage progress By Reuters
© Reuters. FILE PHOTO: A view of the outside of the JP Morgan Chase & Co. company headquarters in New York Metropolis Could 20, 2015. REUTERS/Mike Segar
(Corrects June 3 story to replicate that financial institution says 17% referred to the month of Could, not the yr to this point)
NEW YORK (Reuters) – Spending by prospects holding JPMorgan Chase & Co (NYSE:) bank cards was up 17% in Could over the identical interval in 2019, financial institution co-president Gordon Smith mentioned on Thursday.
The uptick in bank card spending ought to imply that loans start to develop modestly by the tip of the yr, Smith mentioned.
Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties attainable.
SPAC linked to Trump social media venture edges lower as short seller targets By Reuters
© Reuters. FILE PHOTO: Former U.S. President Donald Trump speaks during a rally at the Iowa States Fairgrounds in Des…
‘Stop freaking out’ about inflation — here’s how to profit from soaring costs
Cramer: ‘Stop freaking out’ about inflation — here’s how to profit from soaring costs The threat of runaway inflation has…