CHARLOTTE, N.C. — Tuesday's earnings report was another chapter in Bank of America Corp.'s recent success story.
Charlotte-based Bank of America had another record quarter and logged its 17th consecutive quarter of positive operating leverage, said Brian Moynihan, chief executive.
[Bank of America plans to boost minimum wage to $20 an hour]
"Part of responsible growth is to produce sustainable results, and part of that is to drive operational excellence, and we did it again this quarter," Moynihan said. "As you think across the last four years or so, we've had many different markets out there, many different interest-rate environments, many different changes and perceptions in the U.S. economy and the global economy. All those things affect our business in a given quarter, but what has been constant behind that is our ability to drive operating leverage."
Read the story here.
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