Bank of America CEO sees stronger 2026 economy, says Wall Street may be underestimating growth

One of America’s largest banks says the U.S. economy could be stronger than many investors expect and suggests Wall Street may be underestimating growth potential under current economic policies.Bank of America (BofA) raised its 2026 GDP growth forecast from 2.6% to 2.8%, striking a bullish tone well above market consensus.CEO Brian Moynihan outlined the upgraded outlook in a Monday interview with FOX Business’ Maria Bartiromo in Davos, Switzerland.BANK OF AMERICA TO AWARD $1B IN STOCK TO NEARLY ALL EMPLOYEES THROUGH SHARING SUCCESS PROGRAM"What’s behind that move is a belief that there are more good things happening in the U.S. economy in 2026 than we thought earlier this year," Moynihan said. "So we moved from 2.6% growth to 2.8%, which is well above the general consensus."SOME AMERICANS WILL LOSE POPULAR 401(K) TAX BREAK IN MAJOR RETIREMENT RULE CHANGE STARTING 2026Moynihan said while the outlook reflects a generally positive view from the bank’s research team, he emphasized that client activity also influences the firm’s economic perspective.He noted early January spending and seasonal patterns have shown signs of strength, reflecting resilient consumer behavior.GET FOX BUSINESS ON THE GO BY CLICKING HEREHe added that credit conditions and earnings results among large banks have been solid, which he interpreted as supportive of economic growth prospects in 2026.Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business