However, Moynihan pointed out that the bank has noticed consumers pulling slightly back on their spending throughout the 2024 summer months – but when they spend, it’s at restaurants or on travel.

Key Takeaways Credit-card holders generally prefer cash back to points, but premium cardholders value the points more, ...

It’s a message now echoing in every corner of Wall Street: Consumers have finally run out of steam. It’s also an eventuality Bank of America has predicted since March, when analysts warned ...

Bank of America’s chief executive, Brian Moynihan, said consumers are still spending despite polls that show people are worried about the economy. “The economy is still growing and our ...

Loan and deposit growth at the nation’s second-largest bank suggest that a possible ... As cremation rates rise and consumer preferences shift, funeral homes are innovating in surprisingly ...

"From at least 2012, in order to reach now disbanded sales-based incentive goals and evaluation criteria, Bank of America employees illegally applied for and enrolled consumers in credit card ...

NEW YORK, May 31 (Reuters) - Bank of America Corp (BAC.N), opens new tab expects good performance for its retail business in the second quarter, buoyed by resilient consumer demand, a senior ...

Bank of America has consolidated its consumer units and, following the departure of a top executive, given one of its most senior female leaders a promotion. Holly O'Neill, BofA's president of retail ...