Bank of America CEO Brian Moynihan aims for higher profits, forecasting 12% annual earnings per share growth over 3-5 years. Stock fell 2% but is up 19% year-to-date. BofA also targets 16-18% return on tangible common equity. AI plays a key role in efficiency strategy without layoffs, despite potential job declines in finance industry. BofA plans to reallocate lower-yielding assets and lower capital while Moynihan remains CEO until at least the end of the decade.

Read more at Yahoo Finance: Bank of America outlines plans for earnings growth and AI in first investors day in years