Pentair (NYSE:PNR) on Tuesday was downgraded to Underperform from a previous investment rating of Neutral by analysts at Bank ...

The consumer has long been the engine of U.S. economic growth, with consumer spending or spending on behalf of consumers ...

Visa and Mastercard are expected to report higher quarterly profits this week on steady consumer spending, and analysts will ...

Bank of America put out a mixed quarter, exceeding estimates on EPS and missing on revenue and one of its main drivers, net ...

Recent data from Bank of America Corp. reveals that consumer spending has been slowing across all income levels since the start of the year.

The average American consumer is still spending, but they’re getting pickier about where the money goes, according to recent ...

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 ...

Bank of America recently reported better-than-expected first-quarter earnings, beating analyst estimates. Its profit jumped 11% to $7.4 billion, or 90 cents per share, from $6.7 billion, or 76 ...

Reuters FILE PHOTO: A Bank of America building is seen in Los Angeles, California, U.S., May 6, 2019. REUTERS/Lucy Nicholson/File Photo By Pritam Biswas, Nupur Anand and Arasu Kannagi Basil ...

U.S. consumer spending held steady in May, with average credit and debit card purchases per household rising just 0.8% from the previous year, according to data from the Bank of America Institute.