Updated

Bank of America CEO Brian Moynihan said the bank's internal data shows consumer spending and credit quality remain healthy even as gasoline prices climb. The comments offer a note of reassurance about household financial health amid broader concerns over rising energy costs. Moynihan's remarks come as gasoline and diesel prices have both hit record seasonal highs, a trend that has raised questions about potential strain on consumer budgets. His comments suggest that, so far, elevated fuel costs have not visibly dented spending or credit performance among the bank's customers.