For Bank of America’s Moynihan, more pressure to grow profitability
This is a cgarkitteibserver.com article.
Since Bank of America’s announcement last week of its latest quarterly results, I’ve been sifting through the various reports that analysts normally issue when the Charlotte-based bank releases its earnings.
One theme that has emerged: Pressure for CEO Brian Moyihan to grow revenue and improve the bank’s profitability isn’t going away.
To be fair, analysts are applauding aspects of the bank’s performance from the first three months of this year, including its loan and deposit growth. In addition, Moynihan is being commended for continuing to slash expenses at the bank, which the CEO said remains a focus.