Bank of America Chief Executive Officer Brian Moynihan said he is confident in the bank’s growth prospects even as competition intensifies from fintechs including Walmart Inc.s startup. He also discussed consumer spending, credit-card use and the outlook for the economy. He spoke with Bloomberg’s David Westin.

I respect every competitor, I dont fear any competitor, Bank of America Chief Executive Officer Brian Moynihan said in an interview Monday on Bloomberg Television. We study all competitor moves, whether its the fintech disruptors or major players.

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