Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025 [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
Editor's note: This interview was filmed on Dec. 17, 2025. MARGARET BRENNAN: Well, thank you for making time. BANK OF AMERICA CEO BRIAN MOYNIHAN: It's great to be here. Good to see you again. MARGARET BRENNAN: I want to talk to you about the state of the economy, because our CBS polling is showing that the most Americans asked this question say their holiday items are hard to afford. MOYNIHAN: Yeah. BRENNAN: They're pulling back because incomes are not keeping up with inflation. But it's a very different story. When you look at the upper income brackets, I know you see data of actual transactions. Are people doing what they tell us they're doing? MOYNIHAN: So- so we not only see it in the aggregate, we also see it in pieces. And so if you look in the aggregate, the amount spent through the Thanksgiving weekend, on you know, Black Friday and Cyber Monday through all the month of November and the first part of December, it's- it's up four- four and a quarter, four and a half
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