U.S. Consumer and Credit Remain Resilient, Q3 Earnings from Four Major Banks Show Active AI Financing Demand

Odaily reports: qinbafrank posted on X platform that Q3 earnings released by JPMorgan, Goldman Sachs, Citi, and Wells Fargo show U.S. consumer spending remains resilient, corporate credit at major banks continues to expand, and actual credit losses have not broadly risen. JPMorgan's credit card spending grew 10% year-over-year this quarter, with a net charge-off rate of 1.27%; JPMorgan, Citi, and Wells Fargo saw average loans grow 10%, 12%, and 11% year-over-year, respectively. Goldman Sachs stated that client demand for computing power exceeds supply, providing opportunities for financing arrangements, but the firm will remain selective on underwriting and capital commitments; JPMorgan's CFO said AI financing demand and project pipeline remain active, while deal pace will be influenced by valuations and market conditions.