JPMorgan Stands Out on Credit Concern as Rivals Chop Provisions

JPMorgan Chase & Co. set aside the most money for loan losses since the height of the pandemic, matching CEO Jamie Dimon’s warnings about some cracks in credit quality. Other Wall Street banks seem less concerned.

While the largest US bank was boosting its provision to $3.4 billion, its five closest rivals were collectively setting aside the least in two years, and one, Morgan Stanley, added nothing at all.