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- JP Morgan Chase (New York Stock Exchange: JPM) credit card metrics improved in March 2024, with the net charge-off rate declining nearly 10 basis points.
- The Chase Issuance Trust default rate fell 1 bp to 0.79% from 0.80% in February. This is down from March’s 0.88% level 2023 and still firmly below the pre-pandemic level of 1.23% in March 2019.
- According to the statement from JPMorgan (JPM), the trust’s net compensation rate of 1.49% fell from 1.58% in February. This compares with 1.62% a year ago and 2.55% five years ago.
- Previously, retail sales remained strong in March, with core retail sales accelerating