Trader Talk

Some Good News in JPMorgan Results

Expectations going into JPMorgan Chase's earnings report were low; however, for the most part, they missed even that lower bar. One bright spot: credit cards.

JPMorgan is the largest issuer of Visa cards, with 24 percent of Visa's market. In fact, they are the largest credit card issuer in the U.S., period.

Card volumes were up year-over year by 9.7 percent, and quarter-over-quarter by 2.1 percent. Net charge-offs for losses continue to decline.

Visa up 1.1 percent, MasterCard shares up 2.7 percent.

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