BofA Aiming to Double Consumer Unit Market Share, CEO Moynihan Says

The transcript discusses Bank of America's market share in the US, highlighting growth opportunities by expanding into new markets. It also covers the leveraged loan business, emphasizing the risks associated with over-leveraging and the economic implications. The bank's cautious approach to on-balance sheet exposure is noted, along with the challenges faced by funds in managing leveraged companies.

What is the current market share of Bank of America in consumer banking according to the transcript?

• 15%

• 20%

• 12-13%

• 10%

What is the main challenge for the Bank of America team in terms of growth?

• Doubling market share organically

• Maintaining current market share

• Reducing market share

• Expanding internationally

What concept has Bank of America emphasized for years?

• Responsible growth

• Aggressive expansion

• Technological innovation

• International dominance

What is a major concern in the leveraged loan business?

• High interest rates

• Over-leveraging

• Lack of funds

• Low demand

How does Bank of America manage its exposure to leveraged lending?

• By increasing its on-balance sheet exposure

• By carefully measuring and keeping it low

• By investing heavily in leveraged loans

• By avoiding leveraged loans entirely