BAC · News · 20260909N

Consumer Spending Resilience

BANK OF AMERICA CORP /DE/ · 2026-09-09 · Importance 17 · Surprise 24

Bank of America said U.S. consumer spending and credit remain healthy despite rising gasoline prices. The commentary indicates resilient demand among consumer customers and stable consumer credit quality. Higher interest rates are weighing more heavily on small and midsize businesses, although borrowing activity and credit quality in that customer group remain strong.

Key facts

• Bank of America CEO Brian Moynihan said the consumer remains resilient despite rising gas prices. source