BoA CEO: Shopper spending hasn't slowed but

• Shopper spending hasn’t slowed but, however I take advantage of the phrase ‘but’ as a result of it might with job losses
• Shopper spending according to 2% progress
• I fear that commerce struggle could possibly be extra regarding if it shifts to companies
• We ought to be extremely serious about ensuring the US can export companies
• Deposits have carried out higher than we thought
• We’re ready for instances of stress

That is a constructive take from Moynihan on CNBC.

Shares of Financial institution of America are up three.6% as we speak following earnings however are nonetheless down sharply since November.

This text was written by Adam Button at www.ubaidahsan.com.



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