Capital StrengthBAC's current CET1 ratio is 11.6%, which is higher than the target of 10.5%, indicating a strong capital position.
Earnings GrowthEarnings growth was driven by record NII from Global Markets activity, fixed-rate asset repricing, and deposit and loan growth.
Operational EfficiencyEfficiency improvements, driven by AI, are expected to help Bank of America achieve a lower expense ratio, enhancing profitability.