Fidelis Capital: US Consumer Spending Outpaces Lending Growth in Q3

• Fidelis Capital's October 23 analysis found resilient US consumer spending outpaced lending in the third quarter of 2026.
• Spending growth of 8%-13% suggested purchases were income-funded rather than credit-funded, citing Morningstar data.
• Average card loans grew 5% at Bank of America versus 7% at JPMorgan.
• Citi's general-purpose card loan portfolio grew 9%, compared with 5% growth in average card loans at Wells Fargo.
• Banks flagged interest-rate uncertainty heading into year-end; Fidelis highlighted relatively unchanged equity markets amid rising rates.

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 LLC published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.