PYMNTS Quick Takes

JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022  |  Banking

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment...

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JPMorgan Adds $1B+ to Loan Loss Reserves as Economic Threats Mount
JPMorgan Adds $1B+ to Loan Loss Reserves as Economic Threats Mount
April 13, 2022  |  Earnings

Consumer spending is fine. Card volumes are fine. Credit is fine too — at least for now. But J.P. Morgan’s latest earnings results show that,...

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