Bank of America (BAC) consumer unit chief says consumers are resilient and are still spending

The statement by Bank of America's consumer unit chief suggests ongoing consumer resilience, indicating that spending habits remain robust despite economic uncertainties.

Newsquawk StaffPublished 22 Apr 2026, 11:12 UTCOn the live feed at 10:52 UTC — 12 more headlines followed before this page went public

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10:59

Philip Morris (PM) Q1 2026 (USD): adj. EPS 1.93 (exp. 1.83), Revenue 10.2bln (exp. 9.89bln)

10:58

"EU countries agree to unlock a EUR 90bln loan to Ukraine and new sanctions on Russia, as Hungary signals it is ready to drop its months-long opposition", DPA reports

10:52

Bank of America (BAC) consumer unit chief says consumers are resilient and are still spending

10:48

Rheinmetall (RHM GY) to supply the Bundeswehr with ammo, first call-off amounts to c. EUR 300mln. Framework contract is in the billions.

10:39

Russia reportedly mulls a windfall levy on some businesses amid war spending, Bloomberg reports

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Context

This perspective could bolster equities, particularly in sectors reliant on consumer confidence, as it implies sustained demand. Markets may react favorably if this view aligns with broader economic trends supporting growth.

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