Bank of America Corp (NYSE:BAC)

$ 38.28 0.57 (1.51%) Market Cap: 299.36 Bil Enterprise Value: 341.74 Bil PE Ratio: 13.25 PB Ratio: 1.14 GF Score: 82/100

Bank of America Corp at Morgan Stanley US Financials, Payments & CRE Conference Transcript

Jun 13, 2022 / 12:00PM GMT

Release Date Price: $32.02 (-3.47%)

Transcript

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

Okay, thank you, everybody, for joining us for our 13th Annual Morgan Stanley Financials Conference. I am thrilled to have with us today Alastair Borthwick, CFO of Bank of America.

Questions & Answers

Betsy Lynn Graseck

Morgan Stanley, Research Division - MD

Alastair, it's been a delight to be working with you just for a little bit of time here. You've been in the job, I think, just over 6 months, is that right? Now in that 6 months, quite a lot has changed. We've had COVID resurgence, reopening, economic growth hopes, inflation and now recession fears. So it feels like you've gone through a whole cycle just in 6 months. Can you just give us an update on what you've been seeing, what you've been seeing in consumer spending in particular and account balances, how that's been going?

Alastair M. Borthwick

Bank of America Corporation - CFO

Yes. So we obviously -- let me say first, thank you for having me. very kind. I'm glad to be here, nice to see

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