BofA’s Moynihan Hints That He’s Just Getting Started 15 Years In

Longtime CEO is on track to become industry’s senior statesman
That means tempered risk-taking to continue: ‘Why change it?’

WATCH: Bank of America Chairman and CEO Brian Moynihan talks about the need for the Federal Reserve to cut interest rates “a little,” and how regulators need to take a closer look at the rules for banks.Source: Bloomberg

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By Katherine Doherty

December 18, 2024 at 11:00 AM UTC

This article is for subscribers only.

As he turned 65, Bank of America Corp.’s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.

The comment, delivered with a wry smile, turned heads not only because the share price is currently $45. It underscores how long the man on track to become the industry’s senior statesman plans to savor his status.