Bank of America: Shifting gears, but still going forward
Slower spending growth in February The growth in Bank of America credit and debit card spending per household decelerated in February to 2.7% YoY, from 5.1% YoY in January. On the month seasonally-adjusted (SA) total card spending rose 0.7% MoM, compared to the strong 1.3% MoM in January. As discussed in last month’s Consumer Checkpoint,…...
