Bloomberg Intelligence Bank of America's Investor Day, McDonald's Earnings Report, ISM Services Data
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Nov 5, 2025 Katherine Doherty, a finance reporter for Bloomberg News, shares insights from Bank of America's Investor Day, highlighting ambitious 12% EPS growth targets and a focus on responsible growth through existing tech and infrastructure. Redd Brown, also from Bloomberg News, breaks down McDonald's earnings, revealing a rebound in value-driven traffic with higher-income customers returning. He discusses the challenges of rising costs and the company's digital initiatives, including a popular app promotion. The conversation also touches on ISM services data, indicating positive trends in new orders and business activity.
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Bank Of America’s New Durable Growth Narrative
- Bank of America reframed growth from “responsible growth” to growth that "sticks to the ribs," signaling durable, customer-focused expansion.
- CEO Brian Moynihan emphasized steady, sustainable earnings targets and historical progress to justify a multi-year 12% EPS goal.
Focus On Organic Strengths Over M&A
- The bank is prioritizing organic strengths like deposits, technology, and wealth management over acquisitions.
- Executives highlighted deep consumer relationships and advisor brand pull as levers to grow share and assets.
Deposits And Wealth As Cross-Sell Engines
- Consumer checking and savings penetration is a strategic lever to cross-sell higher-margin services.
- Wealth management benefits from BofA's brand scale to attract advisors and assets, boosting long-term fee revenue.