Published January 20, 2026, 11:13 a.m. EST
Bank of America raises its 2026 GDP forecast to 2.8%, well above market consensus One of America’s largest banks says American economy could be stronger than many investors expect and suggests that Wall Street may be underestimating growth potential under current economic policies.
Bank of America (BofA) raised its GDP growth forecast for 2026 from 2.6% to 2.8%, striking a bullish tone well above the market consensus.
CEO Brian Moynihan outlined the improved outlook in an interview Monday with FOX Business’ Maria Bartiromo in Davos, Switzerland.
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Bank of America Chairman and CEO Brian Moynihan appears on the FOX Business Network on March 27, 2025 in New York. (Photo by John Lamparski/Getty Images / Getty Images)
“What’s behind this decision is the belief that more good things will happen in the U.S. economy in 2026 than we thought earlier this year,” Moynihan said.
“We therefore went from growth of 2.6% to 2.8%, which is well above the general consensus.”
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Signage at a Bank of America branch in New York on Saturday, October 5, 2024. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
Moynihan said that while the outlook reflects a generally positive view from the bank’s research team, he emphasized that client activity also influences the company’s economic outlook.
He noted very early January expenses and seasonal trends showed signs of strength, reflecting resilient consumer behavior.
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He added that credit conditions and results of major banks have been strong, which he interpreted as favorable to the outlook for economic growth in 2026.