The big banks reported earnings this week and we can already see the effects of The Great Lockdown on their business and the economy in general.
While the revenues of JPMorgan Chase didn't fall that much from last quarter, their earnings are down significantly with very high credit losses, that is, customers unable to repay their debts in time.
We have yet to receive the official delinquency rates data from the Fed but we can already predict that it will be highest that we have seen in decades.
JPMorgan Chase is known to be a financial fortress, how are they facing these challenging times? Is it a good time to invest in JPMorgan Chase?
You can find the whole analysis on my research partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/15837982
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