Bank of America (NYSE:BAC) is planning to promote top executives, including the lender’s trading head Jim DeMare, in a move that reshapes its leadership bench, according to a media report published Friday.
BAC shares inched down 0.1% in after-hours trading.
The potential leadership shake-up comes as longtime BofA (NYSE:BAC) CEO Brian Moynihan has signaled plans to stay on through the end of the decade, the article said. But he has not yet named any likely successors.
Bank of America (BAC) did not immediately respond to Seeking Alpha’s request for comment.