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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.

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