JPMorgan Chase & Co - credit card charge-off rate 1.62% in June - SEC filing

JPMorgan Chase & Co. reported a credit card charge-off rate of 1.62% in June 2026, according to a recent SEC filing[1]. This rate reflects the percentage of credit card balances that the bank is unable to collect and has written off as uncollectible. The figure represents a slight increase compared to the previous quarter, indicating potential challenges in credit card portfolio performance amid evolving economic conditions.

Charge-off rates are closely monitored by investors and analysts as key indicators of credit risk and financial health within the banking sector. A rising charge-off rate may signal increased delinquency among borrowers or broader economic pressures affecting consumer repayment capacity.

JPMorgan Chase, one of the largest banks in the United States, continues to manage its credit card portfolio under a framework that balances risk mitigation with revenue generation. The bank’s latest SEC filing provides transparency into its credit card operations and offers [insight into its risk management strategies][1].