Consumer and Small Business Credit Holding – ValuePlays

Core Insights - The primary indicator leading up to recessions has been rising consumer delinquencies, but current reports suggest that over-leveraged consumers do not pose a threat to the economy, indicating no recession is anticipated [1] - JPMorgan's CFO highlighted the resilience of consumers and small businesses during the Q3 earnings call, reinforcing a positive outlook for the financial sector [2] Financial Outlook - JPMorgan has revised its 2025 outlook for card charge-offs down to approximately 3.3% from a previous estimate of 3.6%, reflecting lower-than-expected delinquency rates [3]