JPMorgan Card Spending Hits $539 Billion as Credit Improves
By PYMNTS
AI summary of the source article
JPMorganChase's third-quarter results showed sustained consumer spending and borrowing alongside strong credit quality, with card spending reaching $539 billion. The bank also detailed internal deployment of artificial intelligence across software development, operations, and AI agent tasks.
Key facts
- JPMorganChase reported that consumers continued spending and borrowing in Q3 while credit quality remained strong.
- JPMorgan card spending reached $539 billion.
- Artificial intelligence is being used inside the bank for software development, operations, and tasks handled by AI agents.
Source excerpt · PYMNTS
JPMorganChase’s third quarter results showed consumers kept spending and borrowing during the quarter, while credit quality remains strong. Management also detailed Tuesday (Oct. 13) that inside the bank, artificial intelligence was being put to work in software development, operations and tasks performed by AI agents. For CEO Jamie Dimon and his management team, both developments […] The post JPM…