Bank of America outlines plans for earnings growth and AI in first investors day in years

Bank of America (BAC) CEO Brian Moynihan pledged that the nation's second-largest bank will deliver higher profits in the years ahead during its first investor day in nearly 15 years. “There’s no cap to our ambition,” Moynihan said during a Q&A with analysts in Boston. Bank of America laid out those ambitions in a presentation on Wednesday morning and forecast its earnings per share would grow 12% annually over the next three to five years. The 66-year-old Moynihan, who has been BofA CEO since 2010, has ...