Bank of America's Ambitious Growth Targets, Stock Dips
Update: 2025-11-05
Description
Bank of America's stock took a hit after their Investor Day presentation, where they unveiled ambitious growth targets. They aim to boost deposits by 4%+, loans by 5%+, and net interest income by 5-7% annually. Earnings per share are set to rise by 12%+, with return on tangible common equity targeting 15% and eventually reaching 16-18%. These new goals surpass their previous projections and assume moderate US economic growth and no recession. Despite the positive outlook, investors reacted negatively, causing shares to fall.
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