First on CNBC: CNBC Transcript: Bank of America Chairman & CEO Brian Moynihan Speaks with CNBC's Sara Eisen on “Closing Bell” Today [CNBC]
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Source: CNBC
Following is the unofficial transcript of a CNBC interview with Bank of America Chairman & CEO Brian Moynihan on CNBC's “Closing Bell” (M-F, 3PM-4PM ET) today, Tuesday, April 16. Following is a link to video on CNBC.com: https://www.cnbc.com/video/2024/04/16/consumer-spending-has-slowed-but-is-hanging-in-there-says-bofa-ceo-brian-moynihan.html All references must be sourced to CNBC. SARA EISEN: Scott, thank you. Brian, thank you for joining us. I first just have to ask if you're surprised by the market reaction because the numbers, mostly, were better than expected with a big pop in trading as well. BRIAN MOYNIHAN: Well, we had a great quarter here at Bank of America, exceeding the expectations. And well, one day's market, as I always tell myself, you feel good about on that day but the job for us is to drive the things we control and continue to produce for the shareholders. We got 14 percent return on tangible common equity this quarter. And if people are selling the stock, w
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