Bank of America shareholders have voted to let chairman and chief executive Brian Moynihan keep both jobs at the company, a vote of confidence for the executive after a tumultuous period of nearly six years at the helm.

While some shareholders said on September 22 they would push for other changes to the board, the result provides Moynihan with a clear mandate to continue his efforts to boost profits by simplifying the bank's structure and keeping costs in check until interest rates rise and can boost revenue.