Bank of America Sees Strong Consumer Momentum -- Market Talk
Dow Jones
Yesterday
1109 ET - Bank of America CFO Alastair Borthwick says on a call with analysts that consumer banking continues to show strong momentum. The bank added 212,000 net new checking accounts, while card, home and auto loan balances rose year over year, reflecting healthy consumer demand, he says. Digital adoption is accelerating, and preferred rewards programs and family banking offerings are deepening client relationships and boosting balances per account. Borthwick notes these trends, along with disciplined expense management, are supporting net interest income growth and BofA's long-term consumer strategy. Shares rise 5.3%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 11:09 ET (15:09 GMT)
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