Bank of America's (BAC) Brian Moynihan said Thursday that US consumer spending “has slowed down” after a series of interest-rate raises from the Federal Reserve. Speaking at a conference in ...

New Bank of America data uncovers trends in consumer spending habits across different income brackets. 2025 Heavy Hitters Commercial Real Estate Awards The CBJ will recognize top projects in ...

Credit and debit card spending per household fell 0.7% in May on a seasonally adjusted, month-over-month basis, according to new data from Bank of America released on Tuesday. Mary Hines Droesch, Bank ...

Earnings season has kicked off, and as usual, the banking and finance sector pushes the envelope first to show investors where the next market trend might be headed. Considering that financial ...

Today, Bank of America Co. (NYSE: BAC) reports its latest earnings results, giving everyone an inside look at the current trends in the consumer sector and even some of the capital shifts between ...

Consumer spending across Bank of America’s debit and credit cards jumped 10 per cent in the second quarter, demonstrating the resilience of consumers despite flagging economic sentiment.

Bank of America chairman and CEO Brian Moynihan says the Fed's rate hikes have successfully slowed down consumer spending. In an exclusive conversation with Bloomberg Wall Street Week host David ...

Bank of America’s ... our consumers are still spending,” Moynihan said on CNBC on Tuesday, after the bank reported an increase in quarterly profit and revenue. Consumer sentiment plunged ...

Robust consumer spending in the past ... Alastair Borthwick, Bank of America's chief financial officer, said the bank is encouraged by its delinquency trends. Although delinquencies, including ...

The bank’s new stance highlights the stability in consumer spending as a key factor in avoiding a downturn. Bank of America’s research team, led by CEO Brian Moynihan, has re-evaluated the ...