Bank earnings: Higher rates haven't hurt consumer spending or AI financing, yet - MarketWatch — SkimNews
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- JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup all reported Q3 results, with MarketWatch noting that higher interest rates have not yet hurt consumer spending or the financing of AI deals
- Wall Street banks are starting to feel the bite of rising interest rates according to a separate headline, even as Axios reports consumers remain "sour" in mood but continue spending
Why it matters: Four of the largest U.S. banks reporting simultaneously makes Q3 earnings a key health check on the consumer and on the AI deal pipeline — both of which appear intact for now. The hedging word "yet" in MarketWatch's headline, paired with the separate framing that rates are "biting" some banks, signals analysts are watching for the first cracks in that resilience.
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