View BAC Q4 Earnings Report

Highlights:

• Fourth quarter net loss of $1.2 billion, or $0.16 per share--includes goodwill impairment charges of $2 billion
• Excluding goodwill impairment charge, 4Q 2010 net income totaled $756 million, or $0.04 per share
• Full-year 2010 net loss of $2.2 billion, or $0.37 per share--includes goodwill impairment charges of $12.4 billion
• Excluding goodwill impairment charges, net income for 2010 was $10.2 billion, or $0.86 per share
• Deposits rose to a record $1 trillion at year-end
• Company continues to build capital and strengthen the balance sheet
• Credit costs declined significantly
• Global wealth and investment management reported record asset management fees in 4Q 2010
• Investment bank ranked No. 2 globally and No. 1 in the U.S. in revenues for 2010

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