BAC · News · 20261019N

Consumer Spending Performance

BANK OF AMERICA CORP /DE/ · 2026-10-19 · Importance 30 · Surprise 40

The four largest U.S. banks, including Bank of America, reported that consumer and business customers remained resilient despite sharply higher borrowing costs. Lending across JPMorgan Chase, Bank of America, Citigroup and Wells Fargo grew nearly 10% year over year. Actual loan losses at the group declined 5% year over year, while combined credit provisions fell about 3%, indicating continued demand and relatively stable credit performance.