BAC · Earnings call · 2026Q3T · Full report

Consumer Spending Resilience

BANK OF AMERICA CORP /DE/ · 2026-10-14 · Importance 35 · Surprise 48

Management said consumer money movement was up 5% year-over-year through the third quarter and remained at a similar level in early October. Paychecks and direct deposits were growing across low-, middle-, and high-income customer segments, while consumer credit quality remained strong. Gas spending was up more than 20%, which crowded out some inside-store spending, but overall spending remained resilient, particularly in entertainment and other categories. Management characterized client activity as consistent with a resilient and growing U.S. economy despite economic uncertainty and geopolitical instability.

Key facts

• Year-to-date money movement was up 5% from 2025.
• Bank of America stated it has 70 million clients whose daily activity provides an economic signal.