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Bank of America CEO Brian Moynihan says spending on the bank’s credit and debit cards in January was up 17% from a year earlier. This photo shows Moynihan during a June 1, 2015, interview on the ...
Business Bank of America CEO: Consumers spending at fastest pace he’s seen “(The consumer) is earning more money, but now they are worried that these costs are going to go up faster than their ...
The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will ...
Following is the unofficial transcript of a CNBC interview with Bank of America Chairman & CEO Brian Moynihan on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Wednesday, February 16th.
Bank of America Chairman and CEO Brian Moynihan says consumers are spending “at a faster rate” than he’s ever seen before, raising concerns about how inflation and supply-chain issues will ...
Bank of America Corp. said its 67 million clients made $294 billion in payments in February, up 16% over the year-ago period. "Strong spending trends across a variety of sectors such as travel ...
Image source: Bank of America. YOY = year over year. Bank of America noted that consumer account balances were up 14% on average during its first quarter.
Bank Of America Corp (NYSE: BAC) shares got a boost on Tuesday as profits jumped 10%, but CEO Brian Moynihan warned that consumer spending is slowing.
Bank of America Corp. said Thursday its 67 million consumer and small business clients hiked their aggregate credit and debit card spending by 13% in April. David Tinsley, senior economist for the ...
Demand is positive: Demand for goods and services remains positive, supported by healthy consumer and business balance sheets ...
Bank of America's borrowers are well above average. For example, its credit card borrowers have an average FICO score of 777, while its auto loan borrowers' average score is 801. Consumer spending ...
The number of customers making childcare payments in August was approximately 94% of pre-pandemic levels, as parents are returning to the labor market NEW YORK, Sept. 9, 2022 /PRNewswire/ -- The ...