JPMorgan Sees ‘Normalization' in Card Spending as Consumers on ‘Solid Footing'

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.”Spending growth is still growth.“I think what there is to say about consumer spend is a little bit boring in a sense because what’s happened is that it’s become normal,” Barnum said on the call with analysts, adding that “we’re ge ...