NOT FOR REPRINT
BofA CEO Says He’s ‘Not Going Anywhere’
News January 22, 2025 at 03:53 PM
Share & Print
What You Need To Know
- Even though the bank doesn’t say publicly who is potential CEO material, there is preparation underway, Moynihan said.
- He noted that advancements in AI and automation help keep costs and headcount in check.
- Last week, the bank reported $27.1 billion of net income for 2024, up 2.3% from the prior year.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer