US Banks Report Mixed Results, See Consumers As Still Fairly Healthy

JPMorgan Chase CEO Jamie Dimon described the US economy as "resilient" but said there were remains to "remain cautious" (Credit: AFP)

Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders.

But while consumer credit quality has diminished somewhat, executives continued to describe relatively resilient US economic conditions.