Bank of America CEO Brian Moynihan highlighted stronger consumer spending and stable loan delinquencies despite trimming 2026 US GDP growth to 2.2%, and expects sizeable revenue boosts from trading and IPOs including SpaceX. The bank also partners with U.S. Bank and Finastra to modernize payments services for corporate clients.
Brian Moynihan noted that consumer spending has strengthened and loan delinquencies remain low even after Bank of America Global Research cut its 2026 US GDP growth forecast to 2.2%. He cautioned that higher oil prices and geopolitical uncertainties may weigh on business confidence, though corporate clients continue modest borrowing without growing inventories aggressively.
The bank anticipates sizeable revenue increases from trading and dealmaking as market conditions support higher fees. Moynihan highlighted involvement in major IPOs, including SpaceX, and sees potential upsides from future offerings by leading technology firms, which could drive deal flow and capital markets activity.
Bank of America has teamed with U.S. Bank and Finastra to push beyond patchwork payments systems and deliver a unified, modern payments platform for corporate clients. This collaboration aims to accelerate adoption of real-time transactions and integrated payment solutions to meet growing demand from businesses.
