Bank of America CEO Brian Moynihan stated while speaking at the Goldman Sachs Financial Services Conference when asked about capital and how he is thinking about capital deployment: "We still bought back some shares in the third quarter and we’ll still buy back some shares this quarter, but we had to slow it down to make sure we meet those capital levels. Once we sort of hit that, which ought to be in the next few quarters, then you will start returning it."
Published first on TheFly
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