Co-President Jim DeMare outlined Bank of America’s strategy at the 31st Annual Financials CEO Conference in London. The strategy prioritizes client scale, cross-selling, and technology. The bank identifies primary growth opportunities in international banking, wealth management, and consumer investments.
DeMare characterized the U.S. economy as strong, citing broadening wage growth and high small-business optimism. Bank of America processes approximately $500 trillion in annual payments. The company serves 70 million global clients.
Approximately 200,000 employees now use the bank’s AI platforms. Capital deployment remains focused on financial strength, growth investments, dividends, and share repurchases.