Bank of America is doing well with the money. From their earnings today...
Barron's: "The bank’s earnings per share continue to get a boost from the company’s aggressive share buyback program. Bank of America repurchased $6.3 billion shares in the first quarter and it has shrunk its share count by 7% in the past year to 9.8 billion shares
I'm sure the CEO will get yet another big raise...
Bank of America gave CEO Brian Moynihan a 15% pay raise last year to $26.5 million, a new regulatory filing(in February) shows. His rival, JPMorgan Chase CEO Jamie Dimon, took home higher total pay last year with $31 million, but only got a 5% raise.
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In response to this post by Shenhoo)
Posted: 04/16/2019 at 09:17AM