JPMorgan credit card delinquency rate edges down in August, net charge-offs rise (JPM:NYSE)

Core Insights - JPMorgan Chase's credit card trust reported a decrease in delinquency rate for August, indicating improved credit quality among cardholders [4] - The Chase Issuance Trust's delinquency rate fell to 0.83% from 0.86% in July and 0.84% in August 2024, showing a positive trend in payment behavior [4] - Conversely, the net charge-off rate increased, suggesting that while delinquency rates are improving, there may still be underlying credit risks that need to be monitored [4]