BofA's (BAC) Moynihan Speaking at Fairholme Capital Meeting
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Price: $61.99 +0.08%
EPS Growth %: +12.3%
Financial Fact:
Total noninterest income: 11.43B
Today's EPS Names:
PMCB, PLCE, DOMO, More
EPS Growth %: +12.3%
Financial Fact:
Total noninterest income: 11.43B
Today's EPS Names:
PMCB, PLCE, DOMO, More
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BofA's (NYSE: BAC) President and CEO Brian Moynihan has just began a speech on teleconference hosted by Fairholme Capital. Below are the highlights so far:
- recent market volatility has been "hard to imagine"
- consumer spending in July is up compared to a year ago
- BofA's core franchises are continuing to perform
- Moynihan planning to cut operating costs "across the board"
- improvements have been made in credit-card charge offs and delinquencies
- the bank's top priority has been to transform its balance sheet
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