When JPMorgan Chase & Co. JPM, reported fourth-quarter results on Friday, Chief Executive Jamie Dimon said the U.S. economy was “resilient,” with management…
Here’s a sign the economy could be getting more unstable. Executives at Bank of America, Wells Fargo and JP Morgan Chase shared their thoughts on the state of the economy during recent quarterly earnings calls, and banks say they’re seeing customers starting to spend less.
Executives at banks north of the border pointed this week to several potential U.S. economic snags, including inflation, the possibility of a housing market correction and soaring energy prices.