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No. of Recommendations: 1
BAC thesis is very simple. The bank will reduce headcount steadily with more automation, and driving efficiency. BAC will be making increased profits, at a faster rate for next 4 to 5 years on headcount reduction, branch rationalization, and automation.

Like Blockbuster was trying to reduce costs by closing down stores ?

Big banks are "old school" like cable and landlines.

WEB talk to Bill !
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