How Does Bank of America Plan to Achieve ROTCE Target of 16-18%?

Key Takeaways Bank of America set a new medium-term ROTCE goal of 16-18% focused on growth and discipline.BAC expects 5-7% organic NII growth and aims to lift fee share in Global Corporate & Investment Banking.The bank plans a 55-59% efficiency ratio supported by $4B in tech spending and rising digital adoption.Bank of America (BAC) unveiled a new medium-term return on tangible common equity (ROTCE) target of 16-18% during its Investor Day conference. The bank’s pursuit of reaching the ROTCE target forms a ...