U.S. consumer spending held steady in April, with average credit and debit card purchases per household rising just 1% from ...

Consumer spending is slowing down across all income levels, according to the Bank of America’s research arm. The Bank of ...

Americans haven’t stopped spending despite broad economic uncertainty. But a close look at recent data and trends has fed ...

Bank of America also has had at least two rounds of layoffs this year, The Charlotte Observer previously reported, including 150 investment division workers last month. Bank officials did not discuss ...

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 ...

A car-buying frenzy, stoked by tariff fears, drove US consumer spending in March to its biggest monthly gain in more than two years, new data showed Wednesday.

Risks are mounting but, overall, the economy is still in a good place, according to Bank of America CEO Brian Moynihan.

Bank of America recently reported better-than ... Moynihan noted during the banks’ earnings call that consumer spending remains resilient and there are signs that the economy may be starting ...

Bank of America Corp.'s stock was rallying 4.8% as one of the biggest gainers in the S&P 500 after the bank downplayed the possibility of a recession and said consumers are still spending in April.

Bank of America and Citigroup said Tuesday consumer spending ticked higher in the first quarter when concerns about tariffs and the economy began to bubble up. JPMorgan Chase said last week that ...

Despite stock market volatility and tariff uncertainty, the US consumer is still spending. But earnings commentary and Wall ...

American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase ...