The nation’s biggest bankers proclaimed this week that the economy is sturdy, the U.S. consumer is healthy, and they haven’t seen much change in recent months. Yet they still sounded uneasy about what is around the corner.
Banks including JPMorgan JPM -2.34%decrease; red down pointing triangle, Bank of America BAC -3.52%decrease; red down pointing triangle and Goldman Sachs GS -1.28%decrease; red down pointing triangle reported third-quarter profit and revenue that beat analysts’ expectations, buoyed by a jump in dealmaking, corporate spending and healthy consumer activity. Growing confidence from business executives, low delinquencies on consumer debts and a rallying stock market have all helped generate profit across the banks.
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