Wells Fargo Sees Brighter Days for US Consumer Spending

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending.While Wells Fargo didn’t post stellar earnings Friday (April 12) it did vote “yes” on the economic prospects for the balance of 2024.“We continue to see strength in the U.S. economy,” CEO Charlie Scharf said during the company’s earnings call. “Spending patterns and consumers using our debit and credit cards remain generally consistent and continue to grow year over y ...