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CEO says Bank of America aims to 'double' its US consumer market share: FT

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Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United ...

Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions.

"Our market share in consumer is probably 12, 13, 14 percent, depending on who counts . ... The reality is, you could double that," Moynihan said https://on.ft.com/2NEtMda in an interview with the Financial Times, pointing out that some auto, soft drink and beer companies had massively more consumer share than Bank of America.Moynihan did not provide a time frame in his interview for doubling the bank's consumer market share.

 

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