Brief Article on BAC CEO

[wescobrk]

http://www.marketwatch.com/story/bank-of-america-ceo-just-cant-win-2012-09-20

 

You have to love it when the stock goes down when they execute earlier than expected.

[ERICOPOLY]

The bank seems to be deliberately underpromising and overdelivering, no doubt to rebuild credibility.  They had a goal of 7.5% Basel III by end of year, and they get to 8.1% in just the first half of the year.

 

Now they are accellerating the cost cuts.