Solskin
JPMorgan Chase’s (NYSE:JPM) credit card trust showed solid credit metrics in June, with its delinquency edging down and its net charge-off rate declining by 15 basis points, reversing May’s jump, according to a filing on Tuesday.
The Chase Issuance Trust’s delinquency rate ticked down to 0.84% from 0.85% in May and compared with 0.82% a year ago.
Its net loss ratio of 1.69% slid from 1.84% in the prior month (which had surged from 1.67% in April). The June rate is modestly higher than 1.60% a year ago.
The trust’s principal receivables at the end of the period were $12.4B, roughly flat with the end of May, according to the filing.
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