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Bank of America CEO says consumers remain resilient despite higher gas prices

Brian Moynihan cited Bank of America data showing consumer spending and credit health even as gasoline prices rise.

Reported · Written up by our desk · Sectors

Bank of America CEO Brian Moynihan said the consumer is holding up despite rising gasoline prices, according to CNBC Markets.

Moynihan pointed to the bank’s own data, saying consumer spending and credit remain healthy.

He characterized the trend as resilience rather than strain, based on Bank of America’s observations.

Latest closeGasoline (RBOB) $3.062 ▼5.8%

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Sources

CNBC MarketsBank of America CEO says the consumer remains resilient despite rising gas prices

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