Bank of America Corp (BSE:BAC)

lei 56.2 0 (0%) Market Cap: 1.20 Til Enterprise Value: 1.46 Til PE Ratio: 17.37 PB Ratio: 1.35 GF Score: 77/100

Bank of America Corp at BancAnalysts Association of Boston Conference Transcript

Nov 04, 2021 / 05:50PM GMT

Transcript 10-Q

Unidentified Analyst

Thank you, everybody, for joining us. We'll have a fireside chat with Bank of America. Really, they don't need much of an introduction since we all know they're the second largest bank in the country with over $3 trillion of assets. Market cap is almost $400 billion. The company has over 4,000 branches and spread across 37 states. The company has put up some strong profitability in the third quarter with an ROTC of almost 16% and an ROA of about 100 basis points, and the stock trades at about 1.6x book value. With us today from Bank of America is Aron Levine, President of Preferred Banking.

Aron D. Levine

Bank of America Corporation - President of Preferred Banking

Thank you.

Unidentified Analyst

Aron is responsible for the Preferred Banking business as one of the 8 lines of business for the Bank of America, providing obviously, lending investment solutions to the mass affluent customers at the company. Aron joined the bank in 1993 from Fleet and he was -- he used to set the pathway for Fleet selling out to

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