Brian Moynihan

speaker

391 appearances 9 recordings 3 series first heard Dec 2025 last heard 3 Jun

Brian Moynihan’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 9 in all, peaking in Jan 2026 with 7.

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Bottom third middle third and top third American income up.

People in the bank America customer base we do see differences.

i.e.

the higher income and middle income are growing faster.

But even the lower income third is still growing.

And that's all good.

And that means, why is that true?

Companies are employing people.

They're paying people.

Now, the labor market's gotten a little soft as we look forward to 4.5, 4.6 unemployment.

That is...

gotten worse, so to speak, than it was at the beginning of the year.

But frankly, this goes back to the normalization question.

If you look at the 10-year average unemployment, the 20-year, the 30-year, or 40-year, it's 5% and 6% as you go back through time.

And so a 4.5% to 4.6% unemployment rate is a very strong relative unemployment rate.

It's just a lot of the years it's been below 4.5% has actually been in the last 10 years.

So people are very used to numbers now, which were part of the tightness in labor in the 2017, 18, 19 era.

Then you had the pandemic and it retightened.

And so it's normalizing.

But we feel good about all that.

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