Post Tagged with: "BAC"

Bank of America Chief Executive Officer Brian Moynihan
Courtesy: Bank of America

BofA’s Moynihan Lets Slip That Processing Costs Are 90% Lower via Mobile

by October 15, 2015 at 9:58 am 0 comments

So now we know. Brian Moynihan, the chairman and chief executive of Bank of America, disclosed yesterday the rate of savings the megabank is getting from its customers shifting to mobile banking for services: 90%. Indeed, Moynihan said on an investor call yesterday that mobile “is one-tenth the cost relative toRead More

Bank of America Added 3 Million Mobile Customers, Dropped 300 Branches This Year

by December 10, 2013 at 5:49 pm 0 comments

Bank of America is more mobile than ever. BofA CEO Brian Moynihan, speaking at the 2013 Goldman Sachs Financial Services Conference in New York today, laid out some specific numbers that give a window into technology initiatives at the bank, and they are making the bank more mobile. The bank is seeingRead More

Which Banking Stock (Shockingly) Soared Most in 2012?

Which Banking Stock (Shockingly) Soared Most in 2012?

by December 27, 2012 at 10:56 am 0 comments

And the winner for the best financial services stock of 2012 is … BAC. No major financial stock — as defined as companies with a market capitalization of at least $36 billion — performed better in 2012 than Bank of America Corp. BAC stock climbed 103.8% to date in 2012Read More