Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend
PYMNTS
OCTOBER 15, 2020
But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs.
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