BofA CEO Says Payments From Its Accounts Rose 5% Year Over Year
CEO Brian Moynihan said consumers continue to spend, citing total payments made from Bank of America accounts up 5% year over year.
Bank of America CEO Brian Moynihan told analysts that consumers continue to spend, citing total payments from BofA accounts, which are up 5% year over year. He said consumers are watching macroeconomic trends closely, while geopolitical instability continues to weigh on sentiment.