JPMorgan Chase & Co. said Tuesday that U.S. consumer spending on its credit cards rose 7% from a year earlier in the second quarter, matching the pace seen in the first quarter. Charge-offs fell to 3.4%, roughly in line with pre-pandemic 2019 levels and lower than both the prior quarter and the same period last year. Card loan balances increased 8%, the slowest growth since late 2021, while delinquencies dropped to their lowest point since the third quarter of 2023. “Consumer spending is fine—neither booming nor showing signs of stress,” the bank’s chief financial officer told analysts, countering concerns that higher borrowing costs might be weakening household balance sheets. Peer lenders reported similar trends. Wells Fargo & Co. said spending remained solid and delinquencies declined even as it pursued faster expansion of a smaller credit-card book. Citigroup Inc. noted that card-spending growth quickened by one percentage point to 4%, while both delinquencies and charge-offs fell sequentially. The consistent picture across the largest U.S. card issuers suggests that, despite softer loan growth, consumers are still managing their debts and supporting a steady—if unspectacular—pace of economic activity.