For Everything Else There’s $MA
“A more cautious but not recessionary consumer” was the tone Citi CEO Jane Fraser set during the bank’s earnings last Friday. Its peers, JPMorgan Chase and Wells Fargo, signaled similar “vibes” as they continued to rachet up loan loss reserves and bolster their deposit bases. 💰
Add on top of that consumer sentiment experiencing its largest one-month surge since 2006, and you’ve got a lot of positivity about the U.S. consumer lately. 👍