Reported about 9 hours ago
Bank of America is gearing up for its biggest investor pitch since 2011, aiming to improve its stock performance, which has lagged behind competitors. CEO Brian Moynihan and his team will present the bank’s growth strategy and profitability targets at an event in Boston. This comes amid pressures as BofA's stock is underperforming, trading 17 percentage points below Citigroup, despite its substantial assets and customer base. Analysts suggest a shift in focus towards growth to appeal to investors.
Source: YAHOO