Moynihan to Face Investors With Wall Street’s Worst Returns (1)

It’s not the ideal scenario for Brian Moynihan to face shareholders this week: Bank of America Corp.’s stock is the worst performer of the six largest US banks this year. Last year as well. And the year before that. And over the past five years.

Yet that’s exactly why the chief executive officer of America’s second-biggest bank called an investor day for the first time in almost 15 years. And why he’ll spend Wednesday trying to convince shareholders and analysts that they’re undervaluing the company, and that his strategy of “responsible growth” — Moynihan’s mantra for the past decade ...