At Bank of America’s Investor Day, M&A Hints, Would-Be CEOs, and AI Pitches

As Bank of America Chief Executive Brian Moynihan sat down for lunch at his bank’s splashy investor day event Wednesday, the market was sending him a message: Investors, by their initial reaction to executives’ growth strategy presentations, weren’t buying what he was selling. The broader market and big bank exchange-traded funds finished the session higher. Moynihan, speaking with reporters at lunchtime, waved all that off.

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