Bank of America Corporation (BAC) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
Jason Goldberg
Barclays Bank PLC, Research Division
I’m Jason Goldberg, and I cover the U.S. large-cap bank stocks here at Barclays. Thank you for attending our 24th Annual Global Financial Services Conference. The feedback so far has been it’s a very productive morning, and we look forward to continuing on with another 2 days — or an afternoon, another 2 days of insightful presentations.
A word of warning, in addition to prepping for this conference and watching football this weekend, I did help my youngest child study for this Saturday’s ACT. Fortunately, today’s keynote lunch speaker hardly requires an introduction, but an attempt to describe Brian Moynihan without suitably expansive vocabulary would seem almost impetuous.
Since becoming CEO in 2010, Brian’s overseen the remarkable stabilization, transformation and derisking of Bank of America while adhering to the bank’s now famous mantra of responsible growth. Under his stewardship, Bank of America has generated formidable earnings power, fortified its balance sheet and expanded capabilities.
Brian is known throughout the industry for his disciplined leadership, intellectual rigor and what many would describe as a perspicacious understanding of the economy and financial markets. He’s also, as countless investors have discovered, fond of introducing arcane vocabulary into earnings calls, leaving even the most erudite observers wondering whether a particular locution was meticulously chosen or simply a product of especially sesquipedalian morning.
Fortunately, today’s discussion should provide less anfractuous than some of the earnings transcripts. And I trust none of us will also develop the fantods while attempting to parse his remarks. Indeed, should an unfamiliar word emerge, we can take comfort in
