Rochester, NY 8/18/2009 11:38:02 PM
JPMorgan Chase & Co., JPM - JPMorgan Chase Credit Card Trades Substantially
JPMorgan Chase & Co.
JPMorgan Chase & Co. announced last Monday that the rate of losses in the company’s credit card loans eased up for the month of July.
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Based on the company’s filing with the Securities and Exchange Commission, the rate of chargeoffs on Chase credit card loans improved to 7.92 percent in July from 8.04 percent in June. This is the second month in the row that default declined.
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