Bank of America 2009 Annual Report Download - page 24
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22 Bank of America 2009
About Bank of America Corporation
Bank of America Corporation (NYSE: BAC) is headquartered in Charlotte, N.C. As of December 31, 2009, we operated in all
50 states, the District of Columbia and more than 40 foreign countries. Through our banking and various nonbanking sub-
sidiaries throughout the United States and in selected international markets, we provide a diversifi ed range of banking and
nonbanking fi nancial services and products through six business segments: Deposits, Global Card Services, Home Loans &
Insurance, Global Banking, Global Markets and Global Wealth & Investment Management. Bank of America is a member of the
Dow Jones Industrial Average.
Total Cumulative Shareholder Return2
$0
$25
$50
$75
$100
$125
$150
200920082007200620052004
5-Year Stock Performance
$0
$10
$20
$30
$40
$50
$60
20092008200720062005
HIGH $47.08 $54.90 $54.05 $45.03 $18.59
LOW 41.57 43.09 41.10 11.25 3.14
CLOSE 46.15 53.39 41.26 14.08 15.06
December 31 2004 2005 2006 2007 2008 2009
BAC BANK OF AMERICA CORPORATION $100 $102 $124 $100 $37 $40
SPX S&P 500 INDEX $100 $105 $121 $128 $81 $102
BKX KBW BANK INDEX $100 $103 $121 $121 $50 $49
Financial Highlights (dollars in millions, except per share information)
For the year 2009 2008
Revenue net of interest expense1 $ 120,944 $ 73,976
Net income 6,276 4,008
Earnings (loss) per common share (0.29) 0.54
Diluted earnings (loss) per common share (0.29) 0.54
Dividends paid per common share 0.04 2.24
Return on average assets 0.26% 0.22%
Return on average tangible shareholders’ equity 4.18 5.19
Effi ciency ratio1 55.16 56.14
Average diluted common shares issued and outstanding (in millions) 7,729 4,596
At year end 2009 2008
Total loans and leases $ 900,128 $ 931,446
Total assets 2,223,299 1,817,943
Total deposits 991,611 882,997
Total shareholders’ equity 231,444 177,052
Book value per common share 21.48 27.77
Tangible book value per common share 11.94 10.11
Market price per common share 15.06 14.08
Common shares issued and outstanding (in millions) 8,650 5,017
1 Fully taxable-equivalent basis
2
This graph compares the yearly change in the Corporation’s total cumulative shareholder return on its common stock with (i) the Standard & Poor’s 500 Index and (ii) the
KBW Bank Index for the years ended December 31, 2005 through 2009. The graph assumes an initial investment of $100 at the end of 2004 and the reinvestment of all
dividends during the years indicated.