Brian Moynihan - Staying the Course

If at first you don't succeed, repeat yourself. During an interview with CNBC this afternoon, Bank of America BAC CEO Brian Moynihan made it clear that the company is going to "keep doing what we've been doing for the last 18 months." Moynihan, who insisted that Bank of America has a "tremendous" ability to continue to retain earnings, said that his company still has more capital than it did in the third quarter of 2010. When asked how the company planned to regain its credibility, Moynihan reiterated that Bank of America would get it back by "continuing to do what we're doing," and noted that the bank continues to grow its checking accounts and deposits. "Five out of six of our businesses are profitable," he said.