AI paying off at Bank of America as operating leverage soars above target
AI boosts developer productivity by 20%
Bank of America’s AI investments are bearing fruit as its operating leverage surged well above its full-year goal in the second quarter while more than 300 use cases took shape. The $3.5 trillion bank’s operating leverage — the percentage of revenue growth minus non-interest expense growth — was 6.6% in the second quarter and 4.7% at midyear, exceeding […]
