WFC - JPMorgan CFO Doesn't Sound Worried About A Recession Says 'Consumer Is Fine' | Benzinga
JPMorgan Chase & Co (NYSE: JPM) reported earnings Friday morning, beating EPS estimates and trading higher before giving up those gains later in the session.
But according to the firm's CFO, Jeremy Barnum, consumer resiliency is high.
What Happened: "The consumer is fine,” Barnum said during the bank's fourth-quarter (Q4) earnings call.
Some economists have worried that high interest rates will cause a downturn in spending and economic growth. But the data shows otherwise.
"All of the relevant metrics are now effectively normalized,” he added.
Barnum does ...