What Bank Earnings Just Revealed About the Health of the American Consumer
Major banks just gave investors a fresh read on the American consumer, and the news is a good sign for the economy.
Overview
Earnings season has arrived once again, and last week, several major banks reported their second-quarter results.
Banks like JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) serve millions of American households and hold trillions in consumer deposits. These banks can help investors understand how Americans are spending their money, as well as the challenges some may face with debt and delinquency.
Details
Here's what these bank earnings just revealed about the health of the American consumer right now.
Source
Originally published at www.fool.com.
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