Bank of America Seeing 'Modest' Loan Growth in April and May

Bank of America (NYSE: BAC) CEO Brian Moynihan told Fox Business today that the bank is seeing "modest" loan growth in April and May, as the second quarter of the year nears the halfway point.

"One of the things we've liked to see is that our pipelines are up, our origination activity, our customers are doing things," Moynihan said.

On the commercial front, Moynihan also said that customers have slowed their pay-downs of lines of credit and are starting to borrow to buy equipment and pay more employees.

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Source Fool.com