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Our caveats include assumptions that interest rates in the forward curve materialize, and we anticipate card loans will decline seasonally from holiday spend paydowns, and otherwise, we expect modest loan growth.
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2022 Q4
17 Jan 23
On a more near-term linked-quarter basis, loans grew at a slower 2% annualized pace just driven by credit card.
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2022 Q4
17 Jan 23
you can see average loans grew 10% year-over-year, driven by credit card and commercial loan improvement.
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2022 Q4
17 Jan 23
Two things to note on that consumer spending pace. There continues to be a slowdown. Year-over-year growth percentage earlier this -- earlier in 2022 were 14% year-over-year. They’ve now moved to 5% year-over-year in the fourth quarter.
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2022 Q4
17 Jan 23
our baseline scenario contemplates a mild recession.
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2022 Q4
17 Jan 23
Credit card charge-offs increased in quarter four as a result of the flow-through of modest increase in last quarter’s late-stage delinquencies.
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2022 Q4
17 Jan 23
This should continue as we transition off the historic lows and delinquencies to still very low pre-pandemic levels.
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2022 Q4
17 Jan 23
November’s rate hikes began to slow and the probability of future rate hikes became less.
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2022 Q4
17 Jan 23
consumers remain resilient.
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2022 Q3
18 Oct 22
we're just now seeing gradual move off these lows and early-stage delinquencies. Late-stage delinquencies are still 40% below pre-pandemic levels
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2022 Q3
17 Oct 22
card delinquencies, they all remain well below our pre-pandemic levels
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2022 Q3
17 Oct 22
the first two weeks of October show that strength is still growing at 10%
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2022 Q3
17 Oct 22
September 10%, spending growth has slowed just a bit from the 12% year-to-date pace
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2022 Q3
17 Oct 22
Year-to-date spending of $3.1 trillion through September is up 12% compared to last year.
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2022 Q3
17 Oct 22
credit and card balances of BAC are still 12% both pre-pandemic levels
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2022 Q3
17 Oct 22
deposit levels for September 2022 remain at multiples of the pre-pandemic levels
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2022 Q3
17 Oct 22
consumers continue to spend at strong levels.
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2022 Q3
17 Oct 22