2 bank CEOs talk up the consumer — plus, a buy call on a struggling portfolio stock

Market Overview - Stocks are experiencing volatility as Wall Street anticipates the Federal Reserve's interest rate decision, with expectations of a 25 basis points cut, marking the third cut this year and the sixth since September 2024 [1] Financial Sector - The bank trade has been strong, with the Invesco KBW Bank ETF gaining about 10% since November 21, outperforming the S&P 500 [1] - JPMorgan's CEO of consumer and community banking, Marianne Lake, indicated a fragile consumer environment, leading to a 4% drop in JPMorgan shares [1] - Despite JPMorgan's cautious outlook, Wells Fargo's CEO and Capital One's CEO expressed a more positive view on consumer resilience [1] Life Sciences Sector - Goldman Sachs initiated coverage of the life-sciences tools group, giving a buy rating to Danaher, predicting organic revenue growth of 9.2% in 2026, surpassing the consensus of 6.1% [1] - Danaher shares have declined about 2% in 2025, underperforming the broader health-care sector, which gained approximately 9% [1] - Morgan Stanley also initiated a buy-equivalent rating for Danaher, naming it a top pick [1]