JPMorgan Says Consumers Are Resilient, Flags Tricolor Impact on Credit Losses

The bank’s $3.4 billion in credit costs included $170 million in charge-offs tied to Tricolor’s bankruptcy, which CEO Jamie Dimon said was “not our finest moment.”JPMorgan kicked off earnings season Tuesday (Oct .14) with third-quarter results that pointed to robust spending patterns from clients, some headwinds to savings, and a measurable impact from the bankruptcy of subprime auto lender Tricolor Holdings.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharin ...