The release put slowing household spending in the spotlight, supporting the case that the economic picture remains mixed.
Profitability is improving, but growth isn't perfect yet.
We have maintained our underlying rate hike assumptions for our U.S. banking coverage, which includes no rate hikes in 2019.
We believe the U.S. banking system is much stronger and more stable than it was a decade ago.
The move would create a superregional with roughly $442 billion in assets, the sixth-largest U.S.-based bank.
Expenses are declining and sentiment is improving.