The Pomp Letter
The Pomp Letter
JPMorgan Says Consumers Are Not In Financial Trouble (Yet)
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JPMorgan Says Consumers Are Not In Financial Trouble (Yet)

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To investors,

JPMorgan Chase published their investor presentations and it reveals interesting data related to the health of consumers in America. The bank is reporting that consumer deposits are down from the pandemic high, but remain significantly higher than pre-pandemic levels. One of the largest areas of deposit balance growth is for lower income cu…

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