Bank Of America Says Google's New CFO 'Mixing In Some Wall Street Culture'

In a report published Tuesday, Bank of America analyst Justin Post commented that

new Chief Financial Officer Ruth Porat has significant technology banking and financial management experience and seems well prepared for her new job although the cultural change from Wall Street to Silicon Valley will be "substantial." "With five years of experience as

CFO, Ms. Porat also has significant regulatory expertise," Post wrote. "Initial reaction to the news was positive, the street likely hopes that Ms. Porat could lead Google to be more investor friendly (Morgan Stanley has had a round of cost cutting, pays dividends, and has a buyback authorization)." Post continued that the language Google used in its CFO press release suggests there could be a "change in trends relative to the above-trend hiring and capex spend in 2014." Post also noted that Google is a "founder driven" company and it is difficult to predict any impact Porat may have on the company's culture. Nevertheless, the analyst suggested Google's new executive consider the following changes:

Shares of Google remain Buy rated with an unchanged $650 price target.