JPMorgan Chase racks up biggest profit ever for a US bank as dealmaking sizzles across Wall Street

Bank of America reports combined debit and credit card spending grew 9% to $266B, indicating resilient consumer cash flows. The data point is mildly supportive for demand and near-term credit activity, though it’s not yet a full macro or earnings catalyst.

Analysis

Bank of America reports combined debit and credit card spending grew 9% to $266B, indicating resilient consumer cash flows. The data point is mildly supportive for demand and near-term credit activity, though it’s not yet a full macro or earnings catalyst.