Why Big Banks Like JPMorgan Feel Better About the Economy Than Consumers

• Consumer confidence by one measure is at a record low, but banks look at their customers and say, "Doggone it, we still like you." Are banks seeing their customers more clearly than they see themselves. Consumers are worried about inflation, AI, the job market, and you might think those worries would worry their lenders, but you'd be wrong. During their first quarter earnings reports, big banks referred to their customers as resilient.As you can see in this chart, banks were reporting faster year-over-yea ...