Wells Fargo & Company (NYSE:WFC) Chief Financial Officer Mike Santomassimo said the bank continues to see strong consumer spending, healthy credit trends and expanding business activity as it pursues growth following the removal of its asset cap. Speaking at a financial conference, Santomassimo said consumer activity has remained consistently strong despite uncertainty around interest rates, […]

Bank of America (NYSE:BAC) Chairman and CEO Brian Moynihan said the U.S. economy remains resilient, supported by consumer spending, solid credit quality and increased borrowing activity among small and midsized businesses. Speaking at Barclays’ Global Financial Services Conference, Moynihan said the bank’s customer data showed consumer spending rose 4% in August from a year earlier. […]