Wall Street top banks highlight consumer resilience

Core Insights - The largest banks on Wall Street reported third-quarter earnings, emphasizing the strength and resilience of U.S. consumers [1] - Despite rising interest rates and economic uncertainty, credit conditions have remained stable with no signs of deterioration [1] Group 1 - Major banks highlighted the robust spending patterns of U.S. consumers during the third quarter [1] - The financial institutions noted that consumer credit has not shown any significant weaknesses, indicating a healthy economic environment [1] - The overall economic outlook remains cautious, yet consumer behavior suggests resilience in the face of challenges [1]