Bank of America says on track for 16%-18% return on tangible common equity target in 2028-2030

Bitget2026/11/05 23:04

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Bank of America remains on track for its 2028-2030 targets, including annual earnings per share growth of at least 12%.
Return on tangible common equity is targeted at 16%-18%, compared with 15.2% for the first nine months of 2026.
Net interest income targets imply 5%-7% compound annual growth, versus 9% year-to-date growth.
The efficiency ratio goal is 55%-59%, compared with a reported 62% year to date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bank of America says on track for 16%-18% return on tangible common equity target in 2028-2030

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