JPMorgan Bank Is Doing Great. It's Customers Beg To Differ😂🤣😹 #GotBitcoin #BitcoinFixesThis

Nation’s largest lender sees borrowers trading down but still spending even if it means relying more on "Buy Now Pay Later" services.

The bank’s lowest earners’ pandemic-era cash buffers are shrinking, customers were able to cover 15 days of outflows to just three days as of March.

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“As excess cash buffers have largely been exhausted, we are closely monitoring consumers whose incomes have not kept pace with inflation,” the bank wrote in its presentation.

There are some pockets that might stand out. The bank anticipates net charge-offs of about 0.65 percentage points in auto lending in 2024, nearly double the 0.33% rate in 2019.

That is partly due to a shift toward customers arranging their own auto loans versus getting them via dealers, and also a shift toward people taking out loans for used cars as opposed to new ones.

What is working for America’s biggest bank isn’t necessarily synonymous with what many people might want to see out of the economy, particularly in an election year.

Consumers overall might be getting a fairly clean bill of health from their lenders. Whether they are excited about that clean bill of health is another matter.

Remainder Of The Article: JPMorgan Chase With It’s JPM ShitCoin Wants To Take On Bitcoin: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/jpmorgan-chase-with-it-s-jpm-shitcoin-wants-to-take-on-bitcoin-gotbitcoin/