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JPMorgan Chase’s Credit Card Lending and Spending

Robert Karr
JPMorgan Chase’s Credit Card Lending and Spending

JPMorgan Chase’s (JPM) CCB (Consumer and Community Banking) segment has benefited from consumer spending, credit card revenues, and business lending. The segment is expected to see marginal growth on a sequential basis due to consumer spending and rate spreads. The CCB segment had revenues of $12.6 billion in the first quarter—a rise of 15% YoY (year-over-year) on spending and middle-market lending.