Digital Banking Becomes Bank of America’s Deposit Engine

Bank of America ’s second-quarter earnings call Tuesday (July 14) was dominated by a simple message: Consumers in the United States are spending, companies are borrowing, capital markets are open, and the economy is proving stronger than expected. That backdrop helped the bank cruise past its earnings targets. Beneath the victory lap, however, CEO Brian Moynihan and Chief Financial Officer Alastair Borthwick also offered signals on artificial intelligence, private credit, consumer risk and the b