BAC · News · 20260914N

Consumer Spending Performance

BANK OF AMERICA CORP /DE/ · 2026-09-14 · Importance 10 · Surprise 6

Bank of America described the U.S. economy as resilient, supported by continued consumer spending and solid consumer credit quality. The bank also reported increased borrowing activity among small and midsized businesses, indicating continued commercial-lending demand. Consumer affordability remains a concern, but the reporting characterized overall consumer demand and credit conditions as strong.

Key facts

• Bank of America presented that strong consumer spending and wage growth are key drivers for its business. source