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

• As the stock market remains easy Between the after-called “Called” Annual Day of Heaven of President Donald Trump, consumer spending has not been affected, at least not yet. During the quarterly concings calls, credit card companies offer strong views about consumer spun, but many have gained losses in economic losses.

As provided by President Donald Trump’s trade policies Sockaric Mocticer UndatesThe fallout from his so-called “Day of liberation“Tariffs have not yet hit the Quarterly Financial Report to the country’s largest lenders where consumer spending standards often appear

Income reports for credit card companies remain strong as consumers are washed, spent, and open credit cards more than the year before.

“Consumer continues to be monitored and learned in their spending,” Citigroup’s financial officer Mark Mason said to the company Call of Quarterly Conctings Last week. Mason also emphasized a modified consumer sentiment.

“We see a shift toward the requirements and away from traveling and entertainment,” Mason said.

Jpmorgan Chase A 7% credit increase and debit-card expenditure is reported each year, but people find people who carry credit-card balances. In addition, Bank of America Design a 4% off credit-and-card debiting spending card from one year early to drink a decrease in late payment from the previous quarter.

Despite positive growth, major credit card companies are preparing for an economic development and inflowed ones on their highest level of five years.

“Focusing today is in the future, clearly unusual uncertain,” JPMorgan Chase financial financial barnum said to the most recent bank The earnings call on April 11.

While JPMorgo holds the risk of a recession of 60%, the bank has been added to it Funds on the rain day In case of any future losses by increasing credit credit authorization (ACL) by $ 973 millionhat losses when customers do not pay their credit card bills.

In addition, the company allocates $ 3.3 billion in its debt loss – a 73% increase from $ 1.9 billion issued to combat unpaid loans from one year before. JPMorgan also keeps $ 1.5 trillion in cash and marketable securities.

Jpmorgan did not immediately respond Fortune’s Ask for comment.

In addition to JPMorgan, the Citi continues to security when an economic growth has occurred. The bank increases the cost of credit to more than 15% from the year before $ 2.7 billion.

In addition, Citi has expanded the total reserve of $ 1 billion in the first quarter, from $ 21.8 billion $ 22.8 billion, trying to security when the US economy goes south. The bank also maintains a strong liquidity and capital position with money levels reaching $ 960 billion.

Citi didn’t come right back Fortune’s Ask for comment.

This story originally shown Fortune.com

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