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Brian Moynihan

Chairman & CEO, Bank Of America

Search every verified Brian Moynihan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Brian Moynihan, chairman and CEO of Bank of America, discussed the bank's third-quarter 2026 results in mid-October, reporting revenue of $27.9 billion and diluted earnings per share of $0.93. He addressed a $1.21 billion fine from the Treasury Department related to anti-money laundering and sanctions violations, stating that the bank has "accountability for everything we do" and that the penalty was resolved in the third quarter. Moynihan said the bank has added thousands of employees and lowered reporting thresholds to address the issues, and he expressed confidence that the remediation work is on track, with related expenses already included in the bank's run rate. Moynihan also commented on the bank's performance and outlook, noting that while fixed-income trading revenue was affected by market conditions, the bank's consumer, commercial, and wealth management businesses showed strong growth. He raised the bank's net interest income growth guidance for 2026 to 8% and projected 8%-plus growth for 2027. In September appearances, he discussed inflation, saying it "has got to get under control," and noted that higher interest rates generally benefit Bank of America due to its large deposit base. He also spoke about artificial intelligence, saying the bank has 20 million users of its AI assistant Erica and emphasizing the importance of keeping humans in the loop for authorizing money movements, while working with AI providers on safety protocols.

Recent appearances

Verified interview transcripts

Notable quotes

“The market's contribution, which other people have, too, was basically flat, so as you look forward, what is happening is the core loan book is growing. The core deposit book is growing. Loans grow 6% to 7%, and core businesses grew. That's great activity and also bodes well for the U.S. economy because companies are borrowing, but what we said last fall was this year would be 5% to 7% increase over 2025. We have rai”

“At the end of the day, we had an examination a few years ago. We got a cease and desist order. We have to do that work. There was a debate about what exactly we had to do. That is resolved. That is behind us. We have been expending the money in the run rate already to do the remediation because a few months ago, we started picking up the cost structure and putting it in, so we will get it done. We take it seriously, ”

“So if you have 2 billion of deposits, which you pay 159 basis points for a 149 basis points for it, rates go up and you go up a lot less because a substantial part of those deposits are not interest bearing. Uh, higher rates are beneficial, except if higher rates are because something really is bad in the economy that has other issues. But if as the rates grind up, we will make more money. That's the nature of having”

“Look, at the end of the day. We had an examination a few years ago. Uh, we we got a cease and desist order. We have to do that work. Um, this fine relates to that effort they wanted. There was a debate, a bit about what exactly we had to do that's resolved just behind us. 2,000,000,002 is going through. We've been expanding, uh, the money to in the run rate already to do the remediation. Uh, because, you know, we a f”

“So if you have $2 billion of deposits, which you pay 159 basis points, 449 basis points for it, rates go up and you go up a lot less because a substantial part of those deposits are not interest bearing. Higher rates are beneficial, except if higher rates are because something really is bad in the economy that has other issues. But if as the rates go up, we will make more money. That's the nature of having a zero int”

“Look, at the end of the day, we had an examination a few years ago. We got a cease and desist order. We have to do that work. This fine relates to that effort. They wanted there was a debate, a bit about what exactly we had to do that's resolved just behind us. $2,000,000,002 is going through. We've been expanding the money to in the run rate already to do the remediation. Because, you know, we a few months ago, we s”

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