Moynihan
  • Consumer spending hasn't slowed yet, but I use the word 'yet' because it could with job losses
  • Consumer spending consistent with 2% growth
  • I worry that trade war could be more concerning if it shifts to services
  • We should be highly interested in making sure the US can export services
  • Deposits have performed better than we thought
  • We're prepared for times of stress

That's a positive take from Moynihan on CNBC.

Shares of Bank of America are up 3.6% today following earnings but are still down sharply since November.

BAC shares
BAC daily
Source: Forex Live