BAC - Bank of America Corporation (BAC) RBC Capital Markets Financial Institutions Conference (Transcript)
2024-03-06 16:30:22 ET
Bank of America Corporation (BAC)
RBC Capital Markets Financial Institutions Conference
March 06, 2024 02:00 PM ET
Company Participants
Alastair Borthwick - CFO
Conference Call Participants
Gerard Cassidy - RBC Capital Markets
Presentation
Gerard Cassidy
The company really doesn't need an introduction, nor does Alastair to my left. But Bank of America, as we all know, is the second largest commercial bank in the United States has assets of about $3.2 trillion. It has over -- close to 3,800 branches around the country. Its total market cap impressively is at $271 billion and it has a common equity Tier 1 ratio of 11.8% at the end of the year. To my left is Alastair Borthwick, who is the CFO of Bank of America. Alastair joined the company in 2005. He's been CFO for about just over two years. I guess end of ‘21 was when he was appointed as CFO. So Alastair, thank you so much for joining us.
Alastair Borthwick
Thanks for having me.
Gerard Cassidy
Maybe we could start off where we've been starting off with other fireside chat questions with the macro environment. Obviously, you've got a great position to really see what's going on in the United States because of your depth of the business you have here. So maybe you can share with us some of the trends that your customers are sharing with you....
Bank of America Corporation (BAC) RBC Capital Markets Financial Institutions Conference (Transcript)