Bank Watch

Moynihan honored on listing of U.S. CEOs but ranks below peers

Bank of America CEO Brian Moynihan is 32nd on a new listing that honors 250 U.S. CEOs ranked by performance across 24 criteria. The rankings are by Novato, Calif.-based ExecRank, which released them this week.
Bank of America CEO Brian Moynihan is 32nd on a new listing that honors 250 U.S. CEOs ranked by performance across 24 criteria. The rankings are by Novato, Calif.-based ExecRank, which released them this week. ogaines@charlotteobserver.com

Bank of America CEO Brian Moynihan has been recognized in a new listing of 250 U.S. CEOs ranked by their performance, but his standing is below that of counterparts at the other largest U.S. banks.

Moynihan is 32nd on the ranking released this week by Novato, Calif.-based ExecRank. It’s the first time ExecRank, founded in 2012, has ranked CEOs of mega- and large-cap companies, although the company has issued other types of executive rankings in the past.

Of the four biggest U.S. banks by assets, Wells Fargo’s John Stumpf ranked 11th, JPMorgan Chase & Co.’s Jamie Dimon ranked 12th and Citigroup’s Michael Corbat ranked 26th.

JPMorgan is the biggest of the four, followed by Bank of America, Citigroup and Wells Fargo, in that order.

Being named to the ExecRank listing is an honor.

According to ExecRank, the company produces its rankings based on statistical and algorithmic analysis of executive performance across 24 key areas, including experience in the executive role and growth in earnings per share this year.

Bank of America declined to comment.

Moynihan was named CEO of the Charlotte-based bank in 2009. He outranked James Gorman, of sixth-largest U.S. bank Morgan Stanley, and Lloyd Blankfein, of fifth-largest bank Goldman Sachs Group.

Gorman ranked 65th. Blankfein ranked 42nd.

Apple CEO Tim Cook won the top spot in the rankings.

Some other Charlotte-area CEOs made the list:

▪ Robert Niblock, of Mooresville-based Lowe’s Cos., is 94th.

▪ Lynn Good, of Charlotte-based Duke Energy, is 179th.

▪ John Ferriola, of Charlotte-based Nucor Corp., is 222nd.

Deon Roberts: 704-358-5248, @DeonERoberts

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