BusinessPhoto: HT WorldUS Banks Report Consumer Resilience Despite High Interest Rates
JPMorgan Chase, Wells Fargo, and Citigroup reported strong third-quarter results showing US consumers and businesses remain resilient despite high interest rates. Spending and lending grew year-over-year, while loan losses stayed controlled. JPMorgan's credit card loans rose 7%, with charge-off rates falling. Wells Fargo also saw 4% growth in consumer loans and reduced credit card losses, indicating continued consumer strength.
HT World·




