Bank of America on Wednesday reported better second-quarter profits than analysts had projected, while revenue and net ...

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 ...

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

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

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 ...

America, at the start of 2025, is a tale of two consumers. Stream NBC 5 for free, 24/7, wherever you are. Lower-income earners are reining in their transactions to focus on essentials, while the ...

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

While spending in the division that provides cards for retailers fell 5% in the quarter, plastic that carries the bank's own brand — a cohort with higher credit scores — saw spending rise 3%.

That compares to a 6% spending jump at American Express and a similar rise at JPMorgan Chase, both of which cater to wealthier users with higher credit scores. America, at the start of 2025, is a ...