Bank of America’s profits have “a lot of room to grow,” the company’s chief executive said Friday. Financial companies in general will have more capital, less debt relative to their assets, and more stable earnings thanks to financial reform, Bank of America CEO Brian Moynihan said. “I wouldn’t root against financial sector profits,” Moynihan said. [CNBC]
CEO Of Major Bank Thinks Banks Have A Lot To Look Forward To, Profit-Wise, But That’s Just, You Know, His Own Two Cents On The Subject
By Bess LevinComments (2)
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Moynihan feels odd.
- D. Kneale
At least he didn’t go into his usual “Magically delicious” comments.