After Bank America’s first investor day in 14 years , CEO Brian Moynihan is privately declaring victory. For a change, he may have a point.

Yes, we’ve been tough on Moynihan on these pages , pointing out how he has shied away from taking calculated risk – a prerequisite for banking and finance – and leaving BofA shares to languish as an also-ran on Wall Street during his long tenure as CEO.

But based on some numbers I’ve been crunching following his big shindig two weeks ago, Moynihan is right to do some chest pounding – so far only in private – after he pitched the bank’s evolving business model to investors and analysts.

Wall Street sources tell me investors liked what they heard that day from a CEO who until maybe now, has never made the sale about why they should hold stock in t

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