Bank of America CEO says U.S. consumer in good shape, business investment solid

Feb. 12, 2025 9:45 AM ETBank of America Corporation (BAC) StockBy: Max Gottlich, SA News Editor1 Comment
(1min)
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Drew Angerer

Bank of America (NYSE:BAC) Chair and CEO Brian Moynihan said Wednesday the U.S. consumer remained in good shape and business investment stayed on a solid footing, despite a backdrop of elevated borrowing costs.

Consumer spending (or customer money transferring out of

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