BofA CEO Says He’s ‘Not Going Anywhere’

What You Need To Know

• Even though the bank doesn’t say publicly who is potential CEO material, there is preparation underway, Moynihan said.
• He noted that advancements in AI and automation help keep costs and headcount in check.
• Last week, the bank reported $27.1 billion of net income for 2024, up 2.3% from the prior year.