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Bank of America Corporation (BAC)

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Kenneth D. Lewis , CEO/Chairman of the Board/President/Director

www.bankofamerica.com

Industry: Finance

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Overview

News

People

Financials

Overview

The Company through its subsidiaries, provide banking & nonbanking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate & Investment Banking & Global Wealth & Investment Management.

Portfolio Articles

Games of Chance
Doping. Web rumors. Embarrassing pasts. Corporations and their Olympic pitchmen walk a thin line between medal fame and public shame.

Jul 23 2008
What Was Ken Lewis Thinking?
Bank of America's purchase of Countrywide looked risky at the time. Now it's looking worse.

Jul 16 2008
Mozilo's Legal Woes
Mozilo retires…to his lawyer's office.
Jul 01 2008
Angelo's Ashes
As investigations of Countrywide mount, BofA and Congress deal with the fallout.
Jun 25 2008
Card Games
A federal court gives a second chance to claims charging America's biggest banks colluded against credit card customers.
Apr 25 2008

See more news on this company

News Feeds

Bank of America board approves buyback plan AP
Jul 23 2008
BofA authorizes $3.75B stock repurchase plan LA
Jul 23 2008
Bank of America declares dividend of 64 cents AP
Jul 23 2008
Wachovia to exit wholesale mortgage lending Atlanta
Jul 22 2008
BofA 2Q profit shrinks, beats Wall Street AP
Jul 21 2008
BofA earnings fall 41% but top expectations Philadelphia
Jul 21 2008
Summary Box: BofA 2Q profit falls 41 percent AP
Jul 21 2008
BofA earnings fall 41 percent, but top expectations Wichita
Jul 21 2008
BofA earnings fall 41% but top expectations Raleigh / Durham
Jul 21 2008
BofA earnings fall 41 percent but top expectations Greensboro
Jul 21 2008

Portfolio Blogs

Is Bank of America Rethinking Countrywide's Value?
May 05 2008
Chart of the Day: Credit-Equity Divergence
Apr 02 2008
JP Morgan-Bear Stearns: Good News for Architecture
Mar 17 2008

Credit C.E.O. Comp Under Fire, IV
Mar 07 2008
Citi Trading Below Book
Mar 05 2008

Press Releases

Bank of America Board Declares Dividends, Authorizes Buyback Jul-23-2008, 01:44PM EDT
Research and Markets: Examine the Latest Bank of America IT Sales Opportunities: Including the Latest Industry Trends and Company Developments Jul-22-2008, 02:00PM EDT
Bank of America and Visa Create Prepaid Card for 2008 U.S. Olympic & Paralympic Team Athletes Jul-22-2008, 09:00AM EDT
Bank of America Earns US$3.41 Billion or US$0.72 Per Share in Second Quarter Jul-21-2008, 11:03AM EDT
BofA Board Urged by ICP to End Deception Re: Fairfax Tax Deal Jul-21-2008, 08:53AM EDT

News From Around the Web

News

Thursday Outlook: Overbought! (SeekingAlpha)

Jul 24 2008
Bank of America OKs buyback plan (Baltimore Sun)

Jul 24 2008
BofA authorizes $3.75B stock repurchase plan (The Times-Picayune)

Jul 24 2008
BofA board OKs share buyback (LA Times)

Jul 24 2008
Signs of hope persist amid losses, cutbacks (Charlotte Observer)

Jul 24 2008
How Small Business Owners Can Make Every Dollar Count (Franklin County Times)

Jul 24 2008
Bank of America Buyback Announcement: Who Cares? (SeekingAlpha)

Jul 23 2008
Bank of America board approves buyback plan 8:25 PM (NBC Charlotte (WCNC))

Jul 23 2008
Wrestling with Payroll Management? How to Find Online Solutions (Franklin County Times)

Jul 23 2008
Bank of America board approves buyback plan (NBC Charlotte (WCNC))

Jul 23 2008

Blogs

San Diego Sues Bank of America Over Foreclosures (DealBook)

Jul 24 2008
San Diego Sues BofA over Foreclosures (Calculated Risk)

Jul 23 2008
Closing Bell: Earnings keep gains coming (Blogging Stocks)

Jul 23 2008
You Know The Banking System Is Unsound When.... (Mish's Global Economic Trend Analysis)

Jul 23 2008
When bad results boost stocks (Blogging Stocks)

Jul 23 2008

Employees

Number of Employees: 210,000

Revenue per Employee: $585,916

Top Executives

Keith T. Banks, President, Divisional

Joe L. Price, CFO

Brian T. Moynihan, Divisional President

Amy Woods Brinkley, Chief Risk Officer

Bruce Hammonds, President, Subsidiary

Liam E. McGee, Divisional President

Barbara J. Desoer, Other Corporate Officer

Neil A. Cotty, Senior VP/Chief Accounting Officer

Board of Directors

William Barnet, III, Director

Frank P. Bramble, Sr., Director

Dr.Walter E. Massey, Director

W. Steven Jones, Director

Thomas J. May, Director

Charles K. Gifford, Director

John T. Collins, Director

O. Temple Sloan Jr., Director

Meredith R. Spangler, Director

Monica C. Lozano, Director

Gary L. Countryman, Director

Thomas M. Ryan, Director

General Tommy R. Franks, Director

Robert L. Tillman, Director

Patricia E. Mitchell, Director

Paul Fulton, Director

Jackie M. Ward, Director

Financials

Quarterly

Annual

Income Statement	05/2008	01/2008	10/2007	07/2007
Sales	NA	NA	NA	NA
Gross Operating Profit	13.84 Bil.	26.99 Bil.	18.86 Bil.	21.58 Bil.
Operating Income before D & A (EBITDA)	13.84 Bil.	26.99 Bil.	18.86 Bil.	21.58 Bil.
Total Income Before Interest Expenses (EBIT)	13.67 Bil.	26.99 Bil.	18.77 Bil.	21.51 Bil.
Total Net Income	1.21 Bil.	268 Mil.	3.7 Bil.	5.76 Bil.
Basic EPS, Total	0.23	0.05	0.83	1.29
Diluted EPS, Total	0.23	0.05	0.82	1.28

BALANCE STATEMENT	05/2008	01/2008	10/2007	07/2007
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	NA	146.8 Bil.	NA	NA

Cash Flow	05/2008	01/2008	10/2007	07/2007
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	1.8 Bil.	NA	-71.5 Bil.	-48.5 Bil.
Net Cash From Financing Activities	22 Mil.	NA	71.11 Bil.	50.24 Bil.
Net Change in Cash & Cash Equivalents	-2.02 Bil.	NA	-1.47 Bil.	-930 Mil.

Income Statement	2008	2007	2006	2005
Sales	NA	NA	NA	NA
Gross Operating Profit	119.19 Bil.	76.77 Bil.	52.78 Bil.	36.27 Bil.
Operating Income before D & A (EBITDA)	119.19 Bil.	76.77 Bil.	52.78 Bil.	36.27 Bil.
Total Income Before Interest Expenses (EBIT)	119.19 Bil.	75.97 Bil.	52.37 Bil.	35.65 Bil.
Total Net Income	14.98 Bil.	21.13 Bil.	16.46 Bil.	14.14 Bil.
Basic EPS, Total	3.35	4.66	4.1	3.76
Diluted EPS, Total	3.3	4.59	4.04	3.69

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	146.8 Bil.	NA	NA	NA

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	NA	-68.3 Bil.	-150.44 Bil.	-127.13 Bil.
Net Cash From Financing Activities	NA	53.13 Bil.	170.82 Bil.	132.88 Bil.
Net Change in Cash & Cash Equivalents	NA	-570 Mil.	8.06 Bil.	1.85 Bil.

Bank of America Corporation (BAC)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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