Bank of America Corporation (NYSE:BAC) Q3 2024 Results Conference Call October 15, 2024 8:30 AM ET
Company Participants
Lee McEntire - Investor Relations
Brian Moynihan - Chief Executive Officer
Alastair Borthwick - Chief Financial Officer
Conference Call Participants
Jim Mitchell - Seaport Global
Betsy Graseck - Morgan Stanley
Glenn Schorr - Evercore
Matt O'Connor - Deutsche Bank
Mike Mayo - Wells Fargo
Vivek Juneja - JP Morgan
Steven Chubak - Wolfe Research
Erika Najarian - UBS
Gerard Cassidy - RBC
Operator
Good day, everyone, and welcome to Bank of America's earnings announcement. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call may be recorded. I will be standing by if you should need any assistance.
It is my pleasure to turn the program over to Lee McEntire.
Lee McEntire
Good morning. Welcome, and thank you for joining the call to review our third quarter results. Our earnings release documents are available on the Investor Relations section of the bankofamerica.com website. They include the earnings presentation that we'll make reference to during this call. I hope everyone's had a chance to review those documents.
Our CEO, Brian Moynihan, will make some opening comments before Alastair Borthwick, our CFO, discusses the details of the quarter. Let me just remind you that we may make forward-looking statements and refer to non-GAAP financial measures during the call.
Forward-looking statements are based on management's current expectations and assumptions that are subject to risks and uncertainties. Factors that may cause our actual results to materially differ from expectations are detailed in our earnings materials and our SEC filings that are available on the website. Information about non-GAAP financial measures, including reconciliations to U.S. GAAP can also be found in our earnings materials that are available on the website.
So with that, Brian, take it away.
Brian Moynihan
Thank you, Lee, and good morning, and thank all of you for joining us for our discussion of our third quarter results.
Bank of America continued to demonstrate strength this quarter in an economy that continued to be stable, albeit with slower growth and falling inflation. So many of you asked me from time-to-time what do we see in our own customer -- consumer customer base. As we talked about many times, our consumer payments is an indicator of activity. Those payments were up 4% to 5% year-over-year for the quarter in the total money those consumers moved in the economy.