BRIEF-Bank Of America CEO Says The Economy Appears To Be Now Settled Into 2% To 3% Gdp Type Growth Environment - Conf Call
ReutersJan 16, 2025 5:23 PM
Jan 16 (Reuters) - Bank of America Corp BAC.N:
BANK OF AMERICA CEO SAYS THE ECONOMY APPEARS TO BE NOW SETTLED INTO 2% TO 3% GDP TYPE GROWTH ENVIRONMENT - CONF CALL
BOFA CEO BRIAN MOYNIHAN SPEAKS ON CONFERENCE CALL
BOFA CEO SAYS WE SHOULD REPORT RECORD NET INTEREST INCOME IN 2025
BOFA CEO SAYS GROWN DEPOSITS FOR SIX CONSECUTIVE QUARTERS
BOFA CFO ALASTAIR BORTHWICK SAYS LOAN AND DEPOSIT GROWTH IN 2025 SEEN HIGHER THAN 2024 AND MORE CONSISTENT WITH 2%-3% GDP GROWTH ENVIRONMENT
BOFA CFO SAYS NET CHARGE OFF RATIO TO BE IN A RANGE OF 50 TO 60 BASIS POINTS OF LOANS IN 2025
Further company coverage: BAC.N
((Reuters.Briefs@thomsonreuters.com;))
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