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Chase Auto ACL flat as bankwide reserves build

Allowance for credit losses landed at $715M, or 0.93%, flat from Q3

Joey Pizzolato

Allowance for loan losses at Chase Auto held steady as delinquencies and net charge-offs continued their slow march toward normalization and the bank increased its net reserve build in the face of a forthcoming recession. ACL for Q4 2022 came in at $715 million — representing a coverage ratio of 0.93%, according to an Auto […]

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