BofA CEO Moynihan on Consumer Spending, Job Cuts, Recession Call, His Future

The transcript discusses Bank of America's preparation for a mild recession, focusing on responsible growth and strategic investments. It highlights external risk factors like geopolitical tensions and consumer spending trends. The discussion shifts to investment banking, workforce management, and the impact of interest rates on savings and the housing market. Finally, it touches on leadership changes and future plans at Bank of America.

What preparations does Bank of America undertake for a mild recession?

What external risk factors could potentially deepen a mild recession?

How has consumer spending changed compared to last year according to the CEO?

What strategies does Bank of America employ to manage headcount during economic downturns?

What is the current state of savings rates for consumers as discussed in the interview?

What impact do higher interest rates have on the housing market according to the discussion?

How does Bank of America plan to address the challenges posed by the current economic environment?