April 17 - Chief Executive Brian Moynihan wants to remain at the helm of Bank of America until he dies. Considering the bank's insipid Q1 showing, it may take him that long to earn his bonus.
Brian Monahan recently said he'd like to remain BankAmerica chief executive until he dies well based on the results today. He may well have to see the -- you're looking at this -- Brian Monahan Hoffman's pays now tied up -- -- three -- SA -- still hit -- decent amount and that. And -- another -- they really should have these deals but. Half of his twelve million from last year's title and a three year deal that tied to you a couple of big matchup is -- and -- may -- results. Yeah I mean he just extrapolate what we saw in this quarter it means he would basically get -- hit it if that continues the next three years media. Its return on assets which is under fifty basis points and growth in the senate -- -- tangible common equity. Which is also below that that the very low pressure the lowest threshold that you have brought it to get some of them haven't. It's just as criticism comes exit last year he was paid a total if he sees targets of twelve million singer. You -- five not when it's roughly half. What you should processes salary or whatever -- so he's got to get. It's much better results in the next the next what just under three years. Now if we look at as they did as she did quite well compared to last quarter profit was a -- fighting group. Well exactly what's holding them and I think it's like -- Munich and we talked with a little bit earlier just that -- -- long game with my opinion they are still dealing with legacy issues they had they also announced the settlement today at 509 but you know to put it to -- finally it's some movies that's -- mortgage stuff and again it -- his legacy mortgages that were written. But countrywide are part of country like -- which they've bought let's for the crisis broke out such as little Leo is again still my ears again. It's they're still dealing with up to it's always hard to get a very clean read on -- America like OK we have all those things we are seeing some improvement I mean they are they are seeing improvement and you know to credit quality. And things like that and you're gonna have lots of deposits which when interest rates finally thought that was a great thing to -- America but -- for right now interest rates are low. They are still kind of sucking wind picking on the legacy stuff yet it's still out there and a lot of -- -- -- get hit by a few other things so let's take a look. I think -- suffering and it mostly. Sixty and trading revenues to animals and people expect shall not completely -- -- -- do the same part it was the head of fields commodities as it is very well the first quarter of last year that didn't have that -- was like a rebound you know recovery gains they had last year were saying how. But -- unlike other families against the sweetest thing about them completely to legacy mortgage issues. Dead and lift station expenses were a lot higher and yet another failure but Exel -- come down -- take. -- does not say exactly and that's what I think recently we look at the noninterest expenses that's kind of caught people by surprise they actually happening in Yemen. The silver lining I guess that's 509 it was announced today. Is being taken in the first quarter -- time is that if you don't need to worry about that second quarter yeah but again they're still lawsuit pending with AIG with every day. In this is all goes back to the crisis so it's still like they're still not quite adamantly yeah. -- well thanks Agnes civil commitment have you bit I'm not a bit later on we have one final by becoming more -- than -- I promise you. We'll talk about summing -- -- -- much much more breaking news.