Fidelis Capital: Q3 Bank Earnings Signal Resilient US Consumer Spending

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fidelis Capital Partners LLC published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.