“Davidson” submits:
The primary lead up to recessions has been consumer delinquencies rising to identifiable thresholds. The next Fed report is not till late Nov 2025. Meanwhile, the market in general has focused on the debt level and not the consumer’s ability to handle this debt. Delinquencies at all levels have been near historically comfortable levels for consumer. This report by JPMorgan confirms that over-leveraged consumers are not a threat to the economy. That is: No Recession In Sight!
Resilient consumers and small businesses lead to improved charge-off outlook, JPMorgan CFO says
Oct. 14, 2025 9:41 AM ETJPMorgan Chase & Co. (JPM) StockBy: Liz Kiesche, SA News Editor
“Consumer and small businesses remain resilient,” JPMorganChase (NYSE:JPM) Chief Financial Officer Jeremy Barnum said on the company’s Q3 earnings call.
Due to that resilience, the bank lowered its 2025 outlook for card charge-offs to ~3.3% from its prior guidance of ~3.6% as delinquency rates are coming in lower than the bank expected.