Economics

BofA CEO Moynihan Said to Look Ahead to ‘Normal’ Returns

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Bank of America Corp. Chief Executive Officer Brian T. Moynihan will tell investors tomorrow what profits to expect as the U.S. economy stabilizes and detail progress on his vow to increase shareholder equity, said two people with knowledge of his plans.

The bank’s guidance to investors will include credit losses and estimates for return on tangible equity, a measure of shareholder returns that excludes goodwill, said the people, who declined to be identified because the plans aren’t public. The biggest U.S. lender by assets is scheduled to hold its first investor conference since 2007 tomorrow in New York.