Fidelis Capital: Q3 bank earnings signal resilient US consumer spending
SPY•Fidelis Capital Partners’ analysis of third-quarter 2026 bank earnings found card spending rose 8%-13%, outpacing card-loan growth of 5%-9%. Banks flagged the interest-rate outlook as a potential complication heading into year-end.
1. Spending outpaces lending
Fidelis Capital Partners’ analysis found resilient US consumer spending outpacing lending growth in third-quarter 2026. Card spending rose 8%-13%, while average card loans grew 5% at Bank of America and Wells Fargo; JPMorgan’s average card loans rose 7%, and Citi’s general-purpose portfolio increased 9%. Banks flagged the interest-rate outlook as a potential complication heading into year-end.
