Bank of America Corp at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 01:40PM GMT
Richard Nigel Ramsden - Goldman Sachs Group Inc., Research Division - MD

Okay. So good morning to everybody. By way of introduction, my name is Richard Ramsden. I'm head of the financial services business unit at Goldman Sachs. Thank you all for joining us on day 2 of our Financial Services Conference. I'm delighted to welcome our next speaker, who is Brian Moynihan, Chairman and CEO of Bank of America. He's going to give a brief presentation, and then he's going to join me for a fireside chat. This is actually Brian's tenth consecutive year presenting at this conference, and it's actually his tenth year almost to the day as CEO. And we genuinely do appreciate him joining us and being -- and joining us as regularly as you have done to update us on the Bank of America story. Under Brian's leadership, Bank of America's core return on equity has actually increased by 10 percentage points from when he joined. And since 2012, Bank of America has actually outperformed the BKX by 300 percentage points, which is pretty impressive.

So Brian, welcome back, and come -- please come and join me after you give

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