CFO Outlook Bank of America - 2017-2018 StudyChaCha

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Old May 17th, 2017, 04:49 PM
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Default CFO Outlook Bank of America

My father is looking for CFP Outlook Report 2016 of Bank of America. He has searched more and more but didnít get it anywhere. So will you please give link to get CFP Outlook Report 2016 of Bank of America?
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Old May 17th, 2017, 05:03 PM
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Default Re: CFO Outlook Bank of America

As you want CFO Outlook Report 2016 of Bank of America, so here I am giving following report:

Bank of America CFO Outlook Report 2016
CFOs rate the U.S. economy is at its highest level since the 2008 recession and predict continued growth for their companies and workforce in 2016.

In a survey of 500 financial executives from companies with annual revenues ranging from $25 million to $2 billion, a majority of CFOs report the outlook for the economy and their companies as increasingly positive. Important findings include:

The U.S. and world economies
On a 100-point index, with zero being extremely weak and 100 being extremely strong, CFOs give the U.S. economy an average score of 61, up from last year (59) and the highest of the last eight years.

Ninety percent of CFOs believe that the U.S. economy will expand (49 percent) or remain the same (41 percent). The top factors that CFOs feel will impact the U.S. economy in 2016 are the elections (63 percent) and health care costs (50 percent).

The average rating is 49, down from the 51 reported for 2015, reflecting the current economic and political instability abroad.

Investing in employees
More than half (54 percent) of CFOs report they plan to hire additional full-time employees in 2016, up from 52 percent expected last year, which is the highest reported since the financial crisis in 2008.

On average, CFOs expect their labor costs to increase 5 percent in 2016, down from 7.1 percent last year.

Growth strategies and tactics
Most CFOs forecast growth for their companies in 2016: 50 percent expect 1 to 5 percent growth; 28 percent predicts 6 to 10 percent growth; and 11 percent anticipate growth of 11 percent or more.

Bank of America CFO Outlook Report 2016


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