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This major bank CEO just revealed that August retail sales could crush it

Andrew Kelly | Reuters

Creeping concerns about the consumer's health might be put to rest if next week's August retail sales report is as good as Bank of America CEO Brian Moynihan suggests it might be.

Moynihan, in an interview with CNBC on Thursday, said he was bullish on the consumer and strong spending is showing up in his company's businesses.

"As you look at the month of August, which we just got the final details on, it'll be the strongest consumer spending growth in debit and credit cards year-over-year this year," he said, adding the consumer is "very constructive."