They’ve lost $5.36 billion on bad loans — but customers are still paying their debts.
In Q2 2025, the three banks reported billions of dollars in losses from “net charge-offs” — loans written off after payments failed. JPMorgan Chase led with $2.4 billion, driven by bad credit card debt. Citi wiped $2.234 billion, including $1.889 billion tied to retail cards. Wells Fargo recorded $977 million in net charge-offs, fueled by $818 million in sour consumer loans.
The Fed showed credit card balances hit $1.18 trillion by March 2025. Despite losses, Citi saw a $225 million decline, while Wells Fargo dropped $12 million in charge-offs. However, JPMorgan increased its charge-offs by $179 million over three months. Meanwhile, earnings rose for all three banks — JPMorgan, Citi, and Wells Fargo — with figures totaling $15B, $4B, and $5.5B respectively.
Read More
- ETH PREDICTION. ETH cryptocurrency
- Gold Rate Forecast
- Sui’s USDsui: The Stablecoin That’ll Make Your Wallet Go “Oh, That’s Nice!” 🚀💸
- USD THB PREDICTION
- Silver Rate Forecast
- Brent Oil Forecast
- 26,000 Bitcoin Options Are Expiring—Could This Finally Make You Rich? 🤑
- Ethereum’s ETH: The New Global GDP? 🌍💰
- 5 Crypto Tokens to Watch in 2025: One with a TradFi Twist 🚀💰
- The Hilarious Collapse of Floki: Can It Bounce Back or Just Keep Drooling?
2025-07-19 10:21