Bank of America Is Back on Offense
After spending years retreating and retrenching in the wake of the financial crisis, it seems clear that Bank of America (NYSE: BAC) is changing gears. On the bank's latest earnings call, Chairman and CEO Brian Moynihan rattled off a list of things the bank is doing to go on offense.
In the first case, it's investing heavily in technology, a reflection of the ongoing digitization of banking. Through the first nine months of 2017, Bank of America has spent $2.25 billion in technology-related investments.
Bank of America is back on offense. Image source: Getty Images.
Source: Fool.com
Bank of America Corp. Stock
€36.28
-0.520%
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With a target price of 42 € there is a slightly positive potential of 15.78% for Bank of America Corp. compared to the current price of 36.28 €.
