Bank of America could have relatively high costs over the next two years, whereas the bank is confronted with a heavy losses on hypothecary loans. "We are Always face high costs, " has said Brian Moynihan , CEO of BoA, during the first investor day hosted by the institution since 2007. The results of the bank should nevertheless be normalized in 2012-2013, while its various subsidiaries were resumed more or less rapidly, he added.
In addition, Bank of America do not expect to increase its assets in the next five years and must be more restrained in its spending. B. Moynihan also said he was not interested in buying a European bank.
A discourse that seems to appreciate the investors while the value rises over 4% in recent trading on Wall Street
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