JPMorgan says credit performance remains ‘in-line’ with expectations

Says investment banking pipeline “remains robust.” Says seeing “very healthy” deal flow. Says trends in wholesale loan growth “solid.” Says consumer resilient, spending is strong. Says, “we don’t like buying back stock at current levels.” Says consumer delinquencies “trending below expectations.” Says “pretty easy” to imagine labor market deterioration. Sees “additional risk” in non-bank financial firms. Say regarding Tricolor, can’t assume there is a systemic problem in private credit. Comments taken from Q3 earnings conference call.