CFO Marianne Lake said she sees high single-digit growth in spending on items like groceries and gas, and double-digit growth in spending on discretionary items like travel and retail. Across the board, consumers are spending healthily in all categories, Lake told investors on a conference call. Consumers, middle market companies and corporations are in increasingly good financial shape, CEO Jamie Dimon said. While Goldman isnt traditionally thought of as a consumer-facing bank, its lending unit saw a 46 percent jump in revenue. Schwartz said hed even consider acquisitions in the banks wealth management business— one of its only units where individuals, not corporations, are the client—if the deal added to shareholder value.
Posted on: Tue, 29 Jul 2014 23:23:43 +0000
Trending Topics
Recently Viewed Topics
© 2015