NEW YORK (Reuters) – Bank of America Corp expects good performance for its consumer business in the second quarter as the health of consumer remains strong, said the head of its consumer unit.
“We’re still seeing a healthy consumer,” said Holly O’Neill, Bank of America’s president of retail banking said at a Reuters Newsmaker event.
U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened. Still, more households planned to purchase motor vehicles and other big-ticket items over the next six months.
(Reporting by Lannanh Nguyen, Saeed Azhar and Nupur Anand; Editing by)
