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Bank of America CEO: ‘We are a much stronger company’

Bank of America today released the results of its 2011 annual meeting, and CEO Brian Moynihan was upbeat about the Charlotte-based company.

“We are a much stronger company than last year,” Moynihan said. “We have lowered the risk in our business, built capital and put many legacy issues behind us.

“We have a franchise that is pushing forward through the recovery, winning with its top market shares and aggressively managing and addressing the mortgage challenges it faces.”

The company also announced that 13 director nominees were elected to the board.

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