The three major banks in the United States released their third-quarter earnings on Wednesday, and new data indicates that despite high interest rates, the U.S. economy remains resilient.

In the face of rising borrowing costs, individual and corporate customers in the United States have relatively strong risk resistance. Financial reports from JPMorgan Chase ( JPM ), Wells Fargo ( WFC ), and Citigroup (C) show that consumer spending and lending volumes continued to grow year-on-year, and the overall risk of credit bad debts remains controllable.

JPMorgan Chase's average credit card loan size increased by 7% year-on-year, and the credit card bad debt write-off rate decreased from 3.15% to 2.91%. Wells Fargo's personal loan balance rose by 4%, and the credit card bad debt write-off rate fell from 4.02% to 3.73%.

Citi disclosed that credit card spending in the U.S. region increased by 11% year-on-year; the bad debt write-off rate improved from 4.0% last year to 3.6%.

Charles Scharf, CEO of Wells Fargo, stated on Tuesday: "Our data shows that individual and corporate customers are in good financial condition. Consumer spending intentions have increased, the loan delinquency rate is low, and both deposits and investment assets have grown in size."

Shaf stated that the benefits brought about by AI infrastructure investment, high employment rates, and rising salaries continue to outweigh various risks associated with rising bond yields, geopolitical conflicts in the Middle East, and inflation.

JPMorgan Chase CEO Jamie Dimon is more cautious. In a teleconference with reporters, he warned that another 1 percentage point increase in interest rates would have a significant impact: borrowers would need to replace their debt at a higher cost, and at the same time, credit spreads would widen.

Although the overall situation of personal credit is still acceptable, the total amount of loan loss provisions for Citibank and Wells Fargo has increased compared to the same period last year; JPMorgan Chase's provision level has also risen from the previous quarter.