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 RBC Capital Markets Global Financial Institutions Conference (Virtual) Transcript

Mar 10, 2021 / 08:20PM GMT

Release Date Price: $37.37 (+2.89%)

Transcript

Gerard Sean Cassidy

RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Good afternoon, everybody. This is Gerard Cassidy from RBC Capital Market. We're with our final fireside chat meeting with Bank of America Corporation. Really doesn't need much introduction, but I do like to share some of the important statistics about the company, has $2.8 trillion in assets, the company is in 37 states throughout the United States, has over 210,000 employees, about 4,200 to -- 4,200 branches, has a market cap, most importantly, of $319 billion, stock trades at about 1.3x book value, has a dividend yield of almost 2%, just shy of it. Its common equity Tier 1 ratio is 11.9%, and the company has announced a buyback of about $2.9 billion in the first quarter.

So with that, I'd like to introduce Aron Levine, who is the President and -- President of Preferred and Consumer Banking and Investments for Bank of America. Aron took over this position in the last number of years, but more importantly, he's been with the bank since 1993, and we were chatting a

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