Hang Leung's questions to Bank of America Corp (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.