US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocks

Major US lenders including JPMorgan Chase, Bank of America, and Wells Fargo reported resilient consumer loan growth and stable credit quality, boosting the outlook for US bank stocks. JPMorgan posted a 7.3 percent year-over-year rise in credit card loans to $249.9 billion, Bank of America saw a 3.2 percent rise in consumer loans, and Wells Fargo reported a 5.4 percent increase in total consumer loan balances driven by auto lending. Executives attributed the strength to a solid labor market and healthy household balance sheets, though risks remain from prolonged US-Iran conflict and potential energy price spikes.