Big bank CEOs see an economy that's 'resilient' in the face of uncertainty

CEOs of major banks, including JPMorgan Chase, Citigroup, and Wells Fargo, have described the U.S. economy as "resilient" despite facing various uncertainties. They highlighted strong consumer spending and robust client financial health as key factors contributing to this resilience. This assessment comes as recent economic data shows the U.S. economy expanding faster than initially expected. However, persistent uncertainties stemming from global trade policies, including potential tariffs, and elevated asset prices raise questions about the sustainability of market performance. Concerns also exist regarding the labor market, which has shown signs of cooling with weakened job growth. Private employers shed jobs in September, and revisio... download the app to read more