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The Boston Globe


CEO says Bank of America has winning plan

Market share is proof the business model works, he says

NEW YORK — Bank of America chief executive Brian T. Moynihan said Monday his company’s business model that serves people and corporations is a proven winner based on the firm’s market share.

‘‘Whether it’s our rising market shares in mortgage or investment-banking market shares around the world, the current business model is the best business model we can bring,’’ Moynihan said in a Bloomberg Television ‘‘Market Makers’’ interview with Erik Schatzker and Stephanie Ruhle. ‘‘The model works, the stock has improved. For us it’s a matter of getting the legacy issues behind us and have the earnings come back.’’

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