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 US Financials, Payments & Commercial Real Estate Conference (Virtual) Transcript

Jun 14, 2021 / 12:00PM GMT

Release Date Price: $41.36 (-1.19%)

Transcript

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

Here with Andy Sieg, President of Merrill Lynch Wealth Management; and Katy Knox, President of Bank of America Private Bank. Andy and Katy, thank you so much for joining me this morning.

Andrew Mason Sieg

Bank of America Corporation - President of Merrill Lynch Wealth Management

Hey, Betsy. Thank you very much.

Kathleen A. Knox

Bank of America Corporation - President of Bank of America Private Bank

Thank you, Betsy.

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

So Andy and Katy, you're going to be going through a brief slide presentation which will be viewer-driven. And then we're going to move into Q&A.

Just so everybody on the webcast knows, Andy and Katy run, in Guam, a business that delivered 22% of BofA's revenues in 2020, $18.5 billion, against $3 trillion in average client assets. And as of 1Q '21, the client assets have grown to $3.5 trillion, clocking in an impressive 30%

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