Bank of America Corporation (NYSE:BAC) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 8:00 AM ET
Company Participants
Brian Moynihan - Chairman of the Board and CEO
Conference Call Participants
John McDonald - Sanford C. Bernstein & Co., LLC
John McDonald
Good morning. Thank you everyone for joining us on our second day. Very happy to kickoff today with Bank of America CEO, Brian Moynihan. Brian, as you know, this conference is about the strategic vision of the top CEOs across the country and across all the industries and we really appreciate your support of this conference over the past 10 years, and we are grateful to have you back again this year.
Brian Moynihan
Good to be here, John. Thank you for having me in. Hope everybody is faring well out there as we finish up on the pandemic.
John McDonald
We thought we'd start off with your views on the macro and give us a sense of what kind of dynamics you're seeing across your businesses so far this spring.
Brian Moynihan
So, our research team is one of the best in the business, if not the best, they have GDP for U.S at 7% for this year. I'll stay in the U.S because it might be most relevant here in terms of what we see. And if you think about that, that's an economy, which I think this quarter is predicted to be as big as it was in '19 before the pandemic, or before the pandemic growing -- predicted growth 3x the rate. And that's kind of the interesting thing. And then by the way, the second year of '22 is 5.5 and that sets up a pretty strong picture of growth in the United States.
So what do we see that supports that
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