Bank of America(US:BAC)2025-11-05 14:00Bank of America's Strategic Priorities - Bank of America aims to drive organic growth while managing risk and expenses to deliver industry-leading shareholder value through strong profitability and capital management[6, 64] - The company focuses on executing a customer and client-focused model leveraging industry-leading platforms across integrated world-class businesses[6] - Bank of America emphasizes technology leadership fueled by continuous investments in both high-tech and high-touch capabilities[6] Financial Performance and Targets - Bank of America's Consumer Banking segment reported $108 billion in net income in 2024 with a 25% return on average allocated capital[76] - The Global Wealth & Investment Management (GWIM) segment had $43 billion in net income in 2024 with a 23% return on average allocated capital[207] - The Global Banking segment's net income was $81 billion in 2024 with a 17% return on average allocated capital[320] - The Global Markets segment's net income was $56 billion in 2024 with a 12% return on average allocated capital[552] Growth and Innovation - Bank of America is investing over $100 billion in technology over the past decade, including $15 billion+ in data capabilities since 2021[43] - The company is expanding its footprint in growth markets, with plans for 6 additional markets through 2028[161] - Bank of America is leveraging AI to drive innovation and improve productivity, with investments in Erica and AI-enabled processes[43]