Company Profile For Bank of America Corporation

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries. Bank of America has 6,100 banking centers, approximately 18,700 automated teller machines (ATMs), nationwide call centers, and online and mobile banking platforms. On January 1, 2009, Bank of America announced the purchase of Merrill Lynch & Co., Inc. On July 1, 2008, Bank of America completed the acquisition of Countrywide Financial Corporation.

BRIEF: For the fiscal year ended 31 December 2009, Bank of America Corporation's net interest income decreased 9% to $77.92B. Net interest loss after LLP totaled $1.46B vs. an income of $18.54B. Net loss applic. to Common totaled $2.2B vs. an income of $2.56B. Net interest loss reflects lower interest & fees on loans & leases and an increase in provision for credit losses. Net Loss also reflects lower card income and an increase in personnel expense.