Bank of America Corp (NYSE:BAC)

$ 38.45 0.17 (0.44%) Market Cap: 300.69 Bil Enterprise Value: 343.07 Bil PE Ratio: 13.30 PB Ratio: 1.14 GF Score: 82/100

Bank of America Corp at Morgan Stanley U.S. Financials Conference Transcript

Jun 12, 2019 / 12:00PM GMT

Release Date Price: $27.95 (-1.03%)

Transcript

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

All right. Thanks, everybody, for joining us on day 2 of 10th Annual Morgan Stanley Financials Conference. We're going to kick off with a polling question on Bank of America before I introduce Andy Sieg. So if you could get your clickers.

Bank of America. Other than rates, what do you think will be the biggest driver for Bank of America stock over the next year: a, loan growth; b, capital markets growth; c, expense management; d, credit; e; capital return? So just give us a sense of what you think is going to be the biggest driver for the shares other than rates over the next year.

(Voting)

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

And we have capital return and capital markets growth.

Okay. Let's go to the next question. Which is likely to be the biggest driver for Bank of America's wealth management business over the next year: rates, fees, asset growth, FA head count or pretax margins? This is a little warm-up question here.

(Voting)

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