Bank of America Corporation (BAC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Everybody could take their seats, we are going to get started with what is going to be the final presentation at this conference. I do think we have kept the best till last. So Brian, thank you very, very much for joining us. It is actually the sixteenth consecutive Yeah, that is definitely a record. So thank you. Very, very much. You're looking. I look exactly the same as I did sixteen years ago. So do you. You actually look younger. Anyway, so let's start off with just your take on the macroeconomic backdrop. We've obviously just had the Fed just came out. But I'm curious about how you're thinking about the path for the economy next year, what you're seeing in terms of consumer and corporate engagement heading into 2026. And I think you have some of the best spending data and I think you do some of the best analytics around it. What have you seen over the fourth quarter? And what does that tell you about the outlook for next year? Well, so thanks, Rich, for having me. The first thing is our team had the Fed cutting rates today. So I guess they got that one right. I think there's a little surprise about the dot plots and what happens next year. But if you look at our team has the economy in The U. S. Growing 2.4% or so next year. That from this time last year to now isn't a lot changed. But in between, if they dropped 100 basis points off the growth rate, liberation day, all that stuff and then put it back. And so you kind of got around this trip. I think the certainty, the path forward from six months ago to now is higher because trade and tariff has largely worked through the system in terms of people's understanding of what will happen. I think taxes is done. So I think immigration deregulation are the issues that are still working through. And I think business l...