Despite rising inflation and global tensions fueling recession fears, major U.S. banks are reporting surprisingly strong consumer credit health. Bank of America, Wells Fargo, and JPMorgan Chase all showed improved or stable metrics like lower charge-off ratios and declining non-performing loans, signaling consumers are holding up better than expected. Citigroup’s credit card segment showed slight weakness, a warning sign to monitor spending closely — but overall, the data suggests the U.S. consumer remains resilient, easing fears of an imminent downturn.
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