Bank of America Is Back on Offense
After spending years retreating and retrenching in the wake of the financial crisis, it seems clear that Bank of America (NYSE: BAC) is changing gears. On the bank's latest earnings call, Chairman and CEO Brian Moynihan rattled off a list of things the bank is doing to go on offense.
In the first case, it's investing heavily in technology, a reflection of the ongoing digitization of banking. Through the first nine months of 2017, Bank of America has spent $2.25 billion in technology-related investments.
Bank of America is back on offense. Image source: Getty Images.
Source: Fool.com