Bank of America CEO predicts ‘mild recession’ next year

Bank of America CEO Brian Moynihan speaks with CNN's Poppy Harlow in an exclusive interview about the US economy. #CNN #News

62 comments

  1. If banks still paid nominal interest on savings, people would save more instead of spending every dime and price chasing goods, services and homes, and even stocks, to ridiculous levels.

    1. The only thing that causes inflation is printing worthless money. The US government has done that ten fold since 2020.

  2. A little translation is needed here.
    When an elite says “mild”, he means mild for him and bad for you.
    When an elite says “next year”, he means it’s hitting you now and it might tickle him next year.
    You’ll have to “buckle down” and…he’ll still get to buy that yacht next year.

    1. It means mild for everyone. A strong job market means very good news for the majority of Americans.

    2. @Ekaterina Ponizovskaya Devine No. Maybe for you. But we have more poor and lower middle class in our country in the last couple of years than we’ve had in decades. This poor economy is making them poorer to the point of deciding whether to pay the electric bill or eat. As a nation, we are becoming poorer. That will trickle up eventually. I believe the JP Morgan guy. This Guy sounded like he was being paid to give a positive spin. I know a woman with a good job who was doing just fine, but just had to get a second job because everything is so high and getting higher. People are even putting off retirement.

  3. I’m just so happy for the record profits all the big corporations made by exploiting their employees for their labor and over charging on everything so the big boys can get their huge annual bonuses. Congrats 🎉🍾🎊🎈

    1. Shhh. Americans are supposed to believe the GOP line that it’s Biden who sets prices and caused greedflation.

  4. Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

    1. Wow, I just looked her up on google and she’s a licensed broker, I am contacting her right away, thanks

    2. Yes and me too investing is the fastest way to Financial freedom. It’s not too late to start preparing for a financially and secured future, investing is building wealth

  5. Yet the this ceo 31% year-over-year pay bump in 2021, according to a U.S. Securities and Exchange Commission filing. Moynihan’s base salary remains at $1.5 million, with the total compensation package coming to $32 million including stock

  6. Transfer of wealth usually occur during recession, so the more stocks drop, the more I buy, in the meanwhile I’m just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market because I read of someone that pulled a profit of $350k within 6months, what are the best stocks to buy now or put on a watchlist?

    1. @Fortune I am being guided by “Corinne Cecilia Heaney” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

    2. @Rich Szabo Thanks, I just googled her and I’m really impressed with her credentials; I reached out to her since I need all the assistance I can get.

  7. Inflation dropping from 8.2% in September to 7.7% in October isn’t good. It’s only less bad–akin to politicians saying they cut spending when they really only raised spending less than they wanted. It’s a creative use of words.

  8. With the way the market is moving, we’ll mostly hold for longer than 2025 to realize profit gain, I think a video on “How to profit from the present market” will be more effective, I mean I’ve heard of people making up to 250K within few months and I’d like to know how.

    1. @Trade Kings That’s right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don’t necessarily need to be a perfect investor or do the hardworks, just have a professional guide you.

    2. @Finest Bear Hug How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks

    3. @Jeffrey Hulkman My advisor is ”Wendy Helene Bennett”. In terms of portfolio diversity, she’s a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

    4. @Finest Bear Hug I know Wendy Helene Bennett. She obviously brings a lot of experience in trading to the table but more importantly I think she is a tough person in an industry that demands clairvoyance

  9. Lies. He’s straight up lying about real time transactions. Banks absolutely have the ability to do real time transactions but they’re always “processing” your transactions and they move things around so that something you spent on Thursday or Friday when you had money in the bank is processing behind other transactions and then they move new transactions forward ahead of the ones you did when you had funds available and then they hit you with overdraft fees, etc. etc. He’s lying.

    1. Yes. He was lying! Hoping Americans will buy more Christmas presents and use a credit card. Pay cash and buy very little this year. If you have a yard, plan now for a spring vegetable garden. I have one every year. It’s not complicated. Just study a bit.

  10. So let me get this straight. All the workers who are going on strike because they want a 7 Days of paid family leave . Largely due to big CEO talking over 90% of the money . And you guys bring the CEO of one of the biggest Banks in the Country and ask him what he thinks like he does not do the same. Really shows how corporate the mainstream

  11. I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don’t matter as a totally different turn of events play out with the stocks they discussed therein…

    1. @Fredy Dez Hi, please could share more insight for someone who has been in the red for too long? Also I could use some referral, how do I reach the expert that assists you? Is she consistent?

    2. @Fredy Dez Thanks, I just looked her up on google and I’m super impressed with her qualifications. Have contacted her through her webpage to hear what she has to say about my situation>>

  12. I was put in IEP at 6yrs old. I got a psych evaluation for learning disabilities to find I had none in 2021.after graduating without and actual highschool education, I had to learn what others learn in k-12 during three financial crisis, and it took a decade to do what I should have got in grade school. I graduated college in 2020 during the third recession. I finally have saved ever penny I had , sacrifice food, clothing, and lived in horrible apartments to save anything I could. And now we’re going for a fourth recession. 2001 and the war that followed, 2008-2012 financial crisis, 2020 COVID, and now 2023. How much more food can you take out of my mouth? How much can you possibly take from minority communities. When will you let me prosper. You took my education, my youth, my health, my past and now my future. How can this be so valuable enough for you? How could you want more? What can you take that you have not pilfered already?.. what is it you want? A couple bucks more? My dying breath? I have nothing more of value.

    1. Bless your heart! I don’t like how this Bank CEO explained it all. No one seems to understand that this horrible Biden economy is affecting people who have the least the most. Hang in there!

  13. I’ll forever be thankful to you you’ve changed my whole life continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment , thanks so much Mrs.Saran Gulneer….

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