American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day

• As the stock exchange remains unstable As a result of the so-called “Liberation Day” tariffs, President Donald Trump did not significantly affect, at least not yet. During the quarterly earnings, credit card companies offer strong prospects for consumer costs, but many have taken steps to mitigate losses.

President Donald Trump’s commercial policy has contributed Stock market disorderssection of his so-calledLiberation day“Tariffs still have to hit the quarterly financial statements of the country’s largest lenders, where consumer cost patterns are often the first

The reports of credit card companies remained strong, as consumers were borrowed, spent and open credit cards more than last year.

“The consumer remains resistant and insightful in their expenses,” said Mark Mason of Citigroup during the company. Quarterly earnings call Last week. Mason also stressed the revised mood of consumers.

“We saw the movement and away from travel and entertainment,” Mason said.

Jpmorgan chase Reported a 7% increase in credit and debit card costs, but said that people carried the remains of a raised credit card. In addition, Bank of America It has planned to cut 4% of credit and debit card expenditures from the last year in a year due to the last quarter, which has fallen from the previous quarter of the previous quarter.

Despite the positive growth, large credit card companies are preparing for an economic downturn, and during five years the dismantling is already rising to their highest level.

“Now the focus is in the future, which is clearly unusually uncertain,” said JPMorgan Chase Finance Jeremy Barran earnings call on April 11.

How JPMorgan keeps the risk of decline by 60%, the bank added Rainy Day Means In case of future losses, by adding $ 973 million to credit losses (ACL), its net reserves are $ 27.6 billion. If customers do not pay their credit card payments.

In addition, the company allocated $ 3.3 billion to its provisions of loan loss. 73% increases from $ 1.9 billion, which was issued for the fight against unpaid loans in front of last year. JPMorgan also keeps $ 1.5 trillion in cash and market securities.

JPMorgan did not respond immediately Fortune Announcement for comment.

In addition to JPMorgan, Citi retains security if economic decline occurs. The bank has increased its loan cost by more than 15%, compared to last year, reaching $ 2.7 billion.

In addition, CITI has increased its total reserves in the first quarter of $ 1 billion, from $ 1.8 billion to $ 22.8 billion, looking for security if the US economy passes south. The bank also maintains a strong liquid and capital position by cash levels, reaching $ 960 billion.

CITI did not immediately return Fortune Announcement for comment.

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