Bank of America says on track for 16%-18% return on tangible common equity target in 2028-2030
BAC•Bank of America said it remains on track for 2028-2030 targets, including 16%-18% return on tangible common equity and at least 12% annual earnings per share growth. Its net interest income target implies 5%-7% compound annual growth.
1. Long-term targets
Bank of America said it remains on track for its 2028-2030 targets. Return on tangible common equity is targeted at 16%-18%, compared with 15.2% for the first nine months of 2026. The targets also include at least 12% annual earnings per share growth, 5%-7% compound annual growth in net interest income, and an efficiency ratio of 55%-59%; the reported year-to-date efficiency ratio was 62%.
