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JPMorgan says charge-offs in card portfolio could be higher in 2026
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JPMorgan says charge-offs in card portfolio could be higher in 2026
May 26, 2025 10:07 AM

NEW YORK, May 19 (Reuters) - JPMorgan Chase ( JPM ) said

it was expecting the card services net charge-off rate, which

represents the proportion of credit card debt the bank does not

expect to collect, to be between 3.6% and 3.9% for 2026.

That is higher than the 3.6% net charge-off rate the bank is

expecting for 2025, it said on Monday.

(Reporting by Nupur Anand in New York and Niket Nishant in

Bengaluru; Editing by Anil D'Silva)

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