JPMorgan considers sale of $1 billion AARP credit-card portfolio - Bloomberg

(Reuters) - JPMorgan Chase & Co is looking to sell the credit-card portfolio it built through a partnership with the nonprofit AARP, Bloomberg reported on Tuesday, citing people familiar with the matter.

The sale would include about $1 billion in credit-card receivables, according to the report. (https://bloom.bg/2HuRMwn)

Alliance Data Systems Corp is among those interested in the portfolio, Bloomberg reported.

JPMorgan, Alliance Data and AARP were not immediately available for comment.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Anil D'Silva)

Stocks treated in this article : Alliance Data Systems Corporation, JP Morgan Chase & Company