Bank of America's investor relations folks scored a victory of sorts when they were able to persuade KBW analyst Jefferson Harralson to change his recent report on the bank the day after some conclusions were made public.

Originally, Harralson told clients that he expected the bank to post a 10 cent loss in 2010. At issue were the costs of bringing certain assets on the balance sheet. According to Bloomberg, the analysts--after speaking with bank officials--told clients: "We understand the reserve-building costs of bringing about $150 billion in assets onto the balance sheet will be an adjustment to capital." He changed his estimate to a gain of 80 cents. 

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