Capital One CEO: U.S. Consumers Resilient Despite Uncertainty -- Market Talk

Dow Jones00:44

1144 ET - The U.S. consumer continues to be resilient, despite looming macroeconomic uncertainty from inflation, interest rates, and the expiration of Affordable Care Act subsidies, Capital One CEO Richard Fairbank tells investors on a Thursday evening call. Consumer spending remains strong, real wages are growing, the labor market appears stable, and delinquencies in Capital One's portfolio are falling, he says. The coming tax refunds from the One Big Beautiful Bill Act -- possibly higher than what consumers expect -- will also boost consumer credit, though this is likely to be a one-time benefit as lower withholdings in 2026 will lead to lower refunds in 2027. "We think the health of the overall macro economy and of the U.S. consumer, it's really in a pretty good place, and as a result, we continue to lean into our growth opportunities," he says. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

January 23, 2026 11:44 ET (16:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment