Fidelis Capital: Q3 Bank Earnings Signal Resilient US Consumer Spending

By Public Technologies
  • 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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