Bank of America 2012 Annual Report Download - page 7

Bank of America 2012 Annual Report 5
Risk-weighted assets
(at year-end, in trillions)
$605
$569
$645
2012
2011
2010
Tier 1 common capital ratio
(at year-end)
11.1%
8.6%
9.9%
2012
2011
2010
$1.2
$1.5
$1.3
2012
2011
2010
Net income (loss)
(in billions, full year)
$4.2
$(2.2)
$1.4
2012
2011
2010
Capital raised for clients
(in billions, full year)
What really diff erentiates us is our ability to deliver leading
capabilities and expertise across multiple products.
We served as advisor on some of the largest deals of 2012,
including the second-largest equity off ering globally —
Japan Airlines, which is described later in this report.
For institutional investors, we have the ability to serve
clients in more than 100 countries. We trade in many mar-
kets and provide research on more than 3,300 companies.
Our research team was recognized as best in the world for
the second straight year by Institutional Investor magazine.
For the full year, sales and trading revenue did well in a
tough environment.
We believe the customer-focused strategy we’ve put in place
is helping our customers and clients do more. It’s a strategy
that at its core means listening to what our customers want
and bringing together the full power of our company to help
them get the solutions they need.
Our team
We believe that by being the best place to work for our
employees they can better serve our customers and clients,
which in turn will drive better returns for our shareholders.
Every day I hear from customers and clients about how
our employees have made a diff erence — helping a small
business get up and running, advising a family on a fi nancial
plan for college, or bringing a large deal to a successful close.
But, I’m equally proud of the impact our team has outside the
boundaries of our day jobs — the 1.5 million volunteer hours,
the community renewal projects, and the monetary support
for causes like education, hunger relief and job training.
As we think about what the future holds, with the team we
have and the company we’ve built, there is good reason to
be optimistic and excited about what lies ahead.
Our heading is set, our course clearly defi ned and we are
pushing forward with the heavy drag of legacy weight
greatly reduced. We have leading capabilities and expertise
that enable us to outdistance the competition and win in the
marketplace. We are focused on the horizon and committed
to being better every day for those we serve, for the com-
munities where we live and for each other.
We are grateful to have you continue to share this journey
with us. As always, I welcome your thoughts and feedback
as we move forward together.
Brian T. Moynihan
Chief Executive Offi cer
March 15, 2013