Bank of America may run the risk of ending up being quite behind the likes of Goldman Sachs and JP Morgan in terms of its earnings in coming days, and there are already inclinations of the same, according to the latest stats available. However, its stocks still went up, relying on its dedicated base of investors, but things may not stay the same for long, if the latest problems within the top bank's bracket are not addressed.
For starters, Bank of America's CEO Brian Moynihan's aversion to risk is being seen as one of the main reasons as to why their earnings are going down steadily. Moreover, the troops inside Bank of America is now going restless based on the latest outcomes of the organization, with questions being raised about Moynihan's role at the top, says a NY Post report. The CEO has been there for 15 years, and there are reports of a vague consensus about him from investors and analysts, which claim that he should stay the leader at BoA for the next five years. But, there are many opinions against this thought too.
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Even though Bank of America has a massive balance sheet, it is still perennially lagging behind the likes of Goldman and JP Morgan for the last five years, even amid a bull run for for finance-based stocks in the US markets. Even though there are no major losses reported from the BoA brackets, which the CEO
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