Bank of America CEO Brian Moynihan goes one-on-one with Jim Cramer
Speakers
Brian Moynihan
— CEO, Bank of America
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer interviews Bank of America CEO Brian Moynihan at the NYSE. Moynihan shares internal data showing a resilient U.S. consumer, strong credit, low unemployment, and mid-2s economic growth, while also discussing AI, cybersecurity, and BofA's wealth management business. Cramer wraps up by calling BAC a great stock.
- Moynihan says August consumer spending rose about 4% year over year and 5% last quarter.
- Credit charge-offs and delinquencies are at multi-year lows; record card balances reflect the larger economy.
- Lower-income wage growth is running 3.5-4%, supporting consumer spending.
- Bank of America sees U.S. growth in the mid-2s this year even with Fed rate hikes.
- Bank of America reports strong earnings, deposit growth, and loan growth.
- Moynihan discusses AI's impact on jobs and cybersecurity, including AI's ability to find and fix vulnerabilities.
- Cramer highlights BAC's 14% year-to-date gain and calls it a great stock.
Ideas
U.S. consumer and economy remain strong
Bank of America's internal data shows consumers are still spending, with August spending up about 4% year over year and last quarter up 5%; credit charge-offs and delinquencies are at multi-year lows; lower-income wage growth is running 3.5-4%; unemployment is low; and the U.S. economy is on track for mid-2s growth even if the Fed keeps rates elevated.
Bank of America business remains healthy
Bank of America posted earnings up about 30% and a strong quarter, with deposit growth, loan growth, and wealth management supported by stable S&P levels; the CEO signals the franchise remains healthy even if that particular growth rate is hard to sustain.
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This CNBC video, published September 10, 2026, features Brian Moynihan discussing SPY, BAC. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Brian Moynihan · Tickers: SPY, BAC