Bank of America CEO Sees No Recession Despite Three Fed Hikes; Q2 Set July 14

BAC•2026-07-01

Bank of America CEO Brian Moynihan said no recession is coming despite forecasting three Federal Reserve rate hikes and inflation persisting through 2028. The bank will report second-quarter results before the July 14 open, with its most accurate analysts revising forecasts upward ahead of the earnings call.

1. Moynihan Rejects Recession Outlook

Bank of America CEO Brian Moynihan stated that despite his firm’s projection of three Federal Reserve rate increases this year and inflation running through 2028, he believes the U.S. economy will avoid a downturn. He pointed to continued consumer spending strength and robust corporate balance sheets as key factors underpinning economic resilience.

2. Analysts Adjust Q2 Earnings Forecasts

The bank is slated to release its second-quarter earnings report before the market opens on July 14. Several of Bank of America’s most accurate analysts have already raised their earnings-per-share estimates, citing stronger loan growth and fee income trends leading into the report.