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    Hang Leung

    Vice President and Equity Research Analyst at Wolfe Research

    Hang Leung is a Vice President and Equity Research Analyst at Wolfe Research, specializing in coverage of the energy sector, with a particular focus on oil and gas exploration and production companies. He covers firms such as ConocoPhillips, Devon Energy, and Pioneer Natural Resources, and is recognized for delivering in-depth financial models and sector insights. Leung began his career in investment research at a boutique asset management firm before joining Wolfe Research in 2021, where he quickly earned a reputation for thorough analysis and actionable recommendations. He holds FINRA Series 7, 63, 86, and 87 securities licenses and has been noted within institutional investor circles for accurate earnings forecasts and a strong track record of outperforming sector benchmarks.

    Hang Leung's questions to BANK OF AMERICA CORP /DE/ (BAC) leadership

    Hang Leung's questions to BANK OF AMERICA CORP /DE/ (BAC) leadership • Q3 2024

    Question

    Hang Leung, on behalf of Steven Chubak, asked for an update on the repricing tailwind figures for securities and loans and questioned whether the bank would consider a larger securities portfolio repositioning action.

    Answer

    CFO Alastair Borthwick provided updated repricing spreads of approximately 250 basis points for securities and mortgages and 100 basis points for CVL. He also stated that the bank sees no need for a large securities portfolio repositioning, citing a strong position in liquidity, capital, and NII growth prospects, with most AFS securities already hedged.

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