Bank of America Results Presentation Deck
Consumer Spend Remained Strong; 2022 YTD up 12% YoY to $3.1T
Payment Spend¹ ($ and Transaction Volume)
Quarterly YoY % Growth
$ Volume
Payment Spend¹ ($ Volume) and YoY % Growth
2019 YTD
30%
20%
$2.3T
10%
6%
0%
20%
12%
Travel &
Entertainment
ill
$2.3T
1%
3Q22 Credit and Debit2,3 ($ and Transaction
Volume) YoY % Growth
$ Volume
2020 YTD
23%
4%
Gas
$2.8T
10%
21%
2021 YTD
Transaction #
Food
6%
3% 2%
$3.1T
Retail
12%
2022 YTD
9%
4%
Services
50%
25%
0%
(25)%
6x
5x
Average Consumer Deposit Balances Remain Above
Pre-pandemic Levels4
4x
3x
2x
1x
Transaction #
1Q-2Q-3Q-4Q-10-2Q-3Q-4Q-10-2Q-3Q-4Q-1Q-2Q-3Q-
19 19 19 19 20 20 20 20 21 21 21 21 22 22 22
Jan-20
<$2K
Pre-pandemic balance:
10%
6%
$2K-$10K
$10K-$20K
5x
Note: Amounts may not total due to rounding.
¹Total payments include total credit card, debit card, ACH, wires, billpay, person-to-person (P2P), cash and checks.
2 Includes consumer and small business credit card portfolios in Consumer Banking and Global Wealth & Investment Management (GWIM).
3 Excludes credit and debit Money Transfers, Charitable Donations, and miscellaneous categories with immaterial volume.
4 Average monthly deposit (checking and savings) balances for a fixed group of households that had a consumer deposit account for all months in the period shown, indexed to their January 2020 12-month average
deposit balances.
3x
2x
Sep-22
4View entire presentation