Bank of America Corp. Chief Executive Brian Moynihan sent a letter to the firm’s employees on Monday night in an effort to calm them following the firm’s 20% stock plummet that day.

“Our course is set, and we know our destination,” Moynihan said in the letter. A Bank of America spokesperson confirmed the letter’s contents on Tuesday, which was first reported by the Associated Press. The letter was originally posted on Bank of America’s internal website.

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