BofA Management Admits It Can’t Turn a Profit on Invested Capital

Chief Executive Brian Moynihan has only produced a 6.7% return on shareholder’s equity since taking over in 2010 and thus is returning capital through stock buybacks Brian Moynihan has been chief executive of Bank of America for seven years, and when he took the helm in 2019, return on shareholder equity wasn’t positive. Last year, stock buybacks amounted to $5.1 billion.