Jamie Dimon says AI has helped JPMorgan cut up to 40% of jobs in certain roles: Live updates

This is CNBC's live coverage of bank earnings reports for JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup.

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs all reported earnings Tuesday that beat expectations.

Three CEOs weighed in on the state of the consumer and discussed how they're thinking about artificial intelligence.

JPMorgan CEO Jamie Dimon said all of the company's major businesses posted record revenue last quarter. He added that the "U.S. economy has demonstrated notable resiliency this year, with stronger business investment and hiring."

Dimon said artificial intelligence has helped the bank cut up to 40% of jobs in certain roles, though he noted that most of those people were offered positions elsewhere in the company.

Bank of America CEO Brian Moynihan, meanwhile, said it was one of the strongest quarters to date for his company. "Every business segment reported double digit net income growth and strong returns on equity," he said.

He told CNBC that it's up to management teams to mitigate the impact from AI job losses.

Goldman Sachs CEO David Solomon said the bank's deals backlog is at the highest level in five years, which bodes well for revenue in future quarters.

Solomon also said he sees AI as a transformational technology that enhances talent rather than replacing people.

Goldman Sachs CEO David Solomon said he sees AI as a transformational technology that enhances talent rather than replacing people.

"There has been much debate around the broader implications of AI on the workforce," he said. "While it will change how work gets done, it will not replace what matters most in driving our business, our extraordinary people."

He wrote an op-ed in the New York Times earlier this year arguing that the AI "job apocalypse" is overblown.