Reported about 8 hours ago
Bank of America CEO Brian Moynihan is confronted with the challenge of addressing shareholders this week as the bank has experienced the lowest stock returns among the six largest US banks for consecutive years. During an investor day—the first in nearly 15 years—Moynihan aims to convince shareholders that the company's strategy of 'responsible growth' will yield results, despite the bank's underwhelming performance compared to competitors, particularly due to past investment decisions in low-yield securities.
Source: YAHOO