Bank of America Corp: The Most Important Goal
Bank of America's long-term goal for its return on tangible equity is 14%. However, to due to recent issues with its capital and dividend plan, the bank may fall short of its 2016 goal.
By retaining more capital on its balance sheet, Bank of America will have to boost earnings even more to reach that goal. In the following video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss Bank of America's goals, which banks have a good history of deploying capital at opportune times, and why B of A gets unfairly tagged as a "bad bank."
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The article Bank of America Corp: The Most Important Goal originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America and Citigroup. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo and has the following options: short June 2014 $50 calls on Wells Fargo and short June 2014 $48 puts on Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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