Bank of America sees no asset growth in coming years

Reuters

NEW YORK (Reuters) - Bank of America Corp <BAC.N>, in its first investor day since 2007, said it does not expect to grow for several years.

Bank of America will not see any net asset growth for several years, the bank said in its investor day slides.

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The bank must be "more deliberate" on expenses and is looking to its wealth management business to provide growth, Chief Executive Officer Brian Moynihan said.

(Reporting by Joe Rauch; writing by Clare Baldwin; editing by John Wallace)