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
Post Tagged with: "BAC"
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
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