September 27, 2017 / 1:58 PM / a year ago

REFILE-Bank of America will continue share buybacks, CEO says

(Corrects date of statement to Wednesday from Tuesday.)

Sept 27 (Reuters) - Bank of America Corp will continue to favor share buybacks to a dividend increase as the bank does not want to put itself into a position where it may have to reduce the dividend, Chief Executive Brian Moynihan said at a conference in London Wednesday.

“Our stock’s a good buy and we’ll continue to buy it until the cows come home,” he said. (Reporting by Dan Freed)

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