The Bank of America earnings tell a good story about the consumer 🙌

✅Consumer loans/leases were up 1% - slight uptick, that's a modest increase

✅Net Charge Offs flat $1.5 billion - this is a positive economic indicator

✅Consumer Charges Offs increase of $264 million from Q3 2023 to $1.2 billion - this doesn't worry me, these numbers during Covid were at historical lows and are slowly rising

✅Net Charge Off ratio dropped .01% to .58% from Q2 2024 - this is healthy

✅Consumer credit/debit card spends increased 3% - the consumer continues to spend

✅Credit card loss rate of 3.70% vs 3.88% in Q2 2024

The consumer continues to spend and are able to afford it 🧑‍🏭👷‍♂️👷‍♀️👩‍🌾