Fidelis Capital: Q3 Bank Earnings Signal Resilient US Consumer Spending
Bitget2026/10/23 17:45- Fidelis Capital Partners’ analysis of third-quarter 2026 bank earnings found resilient US consumer spending outpacing lending growth.
- Card spending rose 8%-13%, suggesting purchases were funded by income rather than credit.
- Average card loans grew 5% at both Bank of America and Wells Fargo.
- JPMorgan’s average card loans rose 7%; Citi’s general-purpose portfolio increased 9%.
- Banks flagged the interest-rate outlook as a potential complication heading into year-end.
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