BofA CEO Brian Moynihan on Consumers, Earnings, Deals Pipeline, AI

Bank of America CEO Brian Moynihan said the US consumer remains strong while discussing the firm’s second-quarter earnings on Bloomberg Surveillance. He also covered lending and mortgages and reiterated how inflation and the bank’s use of data and AI factor into its outlook. No specific figures were provided in the excerpt, so the update appears more qualitative than market-moving.

Analysis

Bank of America CEO Brian Moynihan said the US consumer remains strong while discussing the firm’s second-quarter earnings on Bloomberg Surveillance. He also covered lending and mortgages and reiterated how inflation and the bank’s use of data and AI factor into its outlook. No specific figures were provided in the excerpt, so the update appears more qualitative than market-moving.