Bank of America Poised For Wealth Management Growth: Credit Suisse

Bank of America Corp (NYSE:BAC) is well-positioned with its size and platform to tap the opportunities for wealth management in the U.S.

Mosche Orenbuch and Jill Glaser Shea of Credit Suisse Group AG (NYSE:CS) point out Bank of America Corp (NYSE:BAC) is also leveraging the reach of its 5k branch locations.

Positive tone from management

Bank of America’s John Thiel, Head of U.S. Wealth Management and the Private Banking and Investment Group, Merrill Lynch Global Wealth Management and...