Bank Of America Corporation · NYSE:BAC
Bank Of America — Bank of America Corp /De/ (Bac, Bac-Pb, Bac-Pe, Bac-Pk, Bac-Pl, Bac-Pm, Bac-Pn, Bac-Po, Bac-Pp, Bml-Pg, Bml-Ph, Bml-Pj, Bml-Pl) — Q3 2010 Earnings Presentation
8 slides from Bank Of America's earnings presentation, Oct 19, 2010
Slide 1: Foreclosure Process Review
Exhibit 99.2 Foreclosure Currently •Review –Review –Assessment –Independent –Interviews •For •Controls •Before •Post-foreclosure •Will •Assessment •We anticipate the notfiling 23 has /assessment of complete are conducting judicial all Review of particular expected of in review foreclosure that assoc
Slide 2: Global Card Services Goodwill Impairment
Goodwill Global •Recorded –$10.4B –Charge –Debit •Future –Some –Continuing •Executing straight-forward •Continuing –Image –E-banking –Customer –Pricing –Piloting –Recognizing Card card mitigation ATMs debit is deposits non-cash new Impairment aaavailability aaccounts operating rollout goodwill Servi
Slide 3: Net Interest Income Commentary
Commentary $ 2Q103Q10 1Q10 4Q09 3Q09 $25,000 $20,000 $15,000 $10,000 $5,000 $0 3.00%3.50% 2.50% 2.00% 1.50% 0.50%1.00% 0.00% 2.77% 2.93% 2.62% 2.61% 2.72% 3.04% 3.05% $13,197$12,717 $14,070 $14,370 $14,320 $12,148$11,672 $12,884 $10,591 $10,359 Core Market-based NII Managed Reported Net –Primary Sal
Slide 4: Service Charges Commentary
$3,020 $1,050 $1,059 $0 $2,212 $2,576 $2,566 $ 2Q103Q10 1Q10 4Q09 3Q09 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 Consumer Commercial Service Estimated Overall customer Customers Despite Checking Account 1 in$500 Consumer millions $2,756 Charges charges retail the closure segments sales 4Q10 service
Slide 5: Representations and Warranties
•77% Representations •3Q10 for •Deep –Actual •Loan –Repurchase •New Liability Outstanding New Commentary millions)3Q094Q091Q102Q103Q10GSEs$3,040$3,300$4,152$5,641$6,842Monoline2,9672,9363,1594,1034,217Other1,5161,4311,5241,4151,817Total$7,523$7,666$8,835$11,159$12,875($ millions)3Q094Q091Q102Q103Q10
Slide 6: Representations and Warranties (cont'd)
Representations Government $18.0B $11.4B BAC Approximately –$73B –$87B As –$4.2B Whole From $3.9 –$1.0 –Approximately 1Excludes ofbillion estimates 2004 9/30/10, billion Loan first-lien second-lien of remain resolved repurchase Legacy through ofInvestors/Private Sponsored remain repurchase $4.8B out
Slide 7: Preliminary Basel Capital Impacts
Preliminary Have New Began Tier Pre-mitigation – Trust Basel 1 Assumes Tier Have Risk-weighted Basel Loan/asset Exit Reduce DTA 3Q10 1rules Preferred made III 1common proprietary running NOL been II III OCI common capital low-rated counterparty and being 100% no significant Capital is proactive run-
Slide 8: Foreclosure Background and Helping Customers
Foreclosure •Before •Completed •Since –Expanded –Implemented –Participated –Developed •80% •Average •33% •50% ofJanuary the properties borrowers ofdefault foreclosure BackgroundHelping 700,000 560 innovative innew 2009, more days were management had outreach permanent we’ve in than not process progr