JPMorgan, Citigroup Expect More Credit-Card Users to Default – Bloomberg

BloombergJPMorgan, Citigroup Expect More Credit-Card Users to DefaultBloombergShares of both lenders dropped after the “notably disappointing” trends in their credit-card units, Henry Coffey, an analyst at Wedbush Securities Inc., said in a note to clients. Citigroup fell 2.4 percent as of 1 p.m. in New York, while JPMorgan …and more …read more

Source:: Credit Card Debt