Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Business Segment Information [Abstract]


*Business Segments*
Three Months Ended June 30
	Total Corporation ⁽¹⁾						Deposits						Global Card Services
(Dollars in millions)	2011			2010			2011			2010			2011			2010

Net interest income ⁽²⁾	$	11,493		$	13,197		$	2,281		$	2,144		$	3,611		$	4,442
Noninterest income		1,990			16,253			1,020			1,551			1,925			2,506

Total revenue, net of interest expense		13,483			29,450			3,301			3,695			5,536			6,948
Provision for credit losses		3,255			8,105			31			61			481			3,796
Amortization of intangibles		382			439			39			49			183			203
Other noninterest expense		22,474			16,814			2,560			2,523			1,699			1,649

Income (loss) before income taxes		(12,628	)		4,092			671			1,062			3,173			1,300
Income tax expense (benefit) ⁽²⁾		(3,802	)		969			241			388			1,138			474

Net income (loss)	$	(8,826	)	$	3,123		$	430		$	674		$	2,035		$	826

Period-end total assets	$	2,261,319		$	2,368,384		$	449,123		$	439,770		$	161,756		$	184,213


	Consumer Real						Global Commercial						Global Banking &
	Estate Services						Banking						Markets
	2011			2010			2011			2010			2011			2010

Net interest income ⁽²⁾	$	579		$	992		$	1,827		$	2,097		$	1,791		$	2,002
Noninterest income (loss)		(11,894	)		1,712			983			786			5,005			3,902

Total revenue, net of interest expense		(11,315	)		2,704			2,810			2,883			6,796			5,904
Provision for credit losses		1,507			2,390			(417	)		623			(82	)		(133	)
Amortization of intangibles		4			13			15			18			29			37
Other noninterest expense		8,643			2,725			1,053			956			4,684			4,698

Income (loss) before income taxes		(21,469	)		(2,424	)		2,159			1,286			2,165			1,302
Income tax expense (benefit) ⁽²⁾		(6,949	)		(882	)		778			471			607			404

Net income (loss)	$	(14,520	)	$	(1,542	)	$	1,381		$	815		$	1,558		$	898

Period-end total assets	$	185,398		$	223,998		$	280,289		$	306,234		$	691,249		$	718,563


	Global Wealth &
	Investment Management						All Other
	2011			2010			2011			2010

Net interest income ⁽²⁾	$	1,571		$	1,443		$	(167	)	$	77
Noninterest income		2,919			2,746			2,032			3,050

Total revenue, net of interest expense		4,490			4,189			1,865			3,127
Provision for credit losses		72			122			1,663			1,246
Amortization of intangibles		112			117			-			2
Other noninterest expense		3,519			3,152			316			1,111

Income (loss) before income taxes		787			798			(114	)		768
Income tax expense (benefit) ⁽²⁾		281			469			102			(355	)

Net income (loss)	$	506		$	329		$	(216	)	$	1,123

Period-end total assets	$	284,294		$	252,507		$	209,210		$	243,099


⁽¹⁾		There were no material intersegment revenues.

⁽²⁾		FTE basis


*Business Segments*
Six Months Ended June 30
	Total Corporation ⁽¹⁾						Deposits						Global Card Services
(Dollars in millions)	2011			2010			2011			2010			2011			2010

Net interest income ⁽²⁾	$	23,890		$	27,267		$	4,486		$	4,319		$	7,358		$	9,262
Noninterest income		16,688			34,473			2,004			3,094			3,865			4,576

Total revenue, net of interest expense		40,578			61,740			6,490			7,413			11,223			13,838
Provision for credit losses		7,069			17,910			64			98			1,442			7,331
Amortization of intangibles		767			885			78			98			367			407
Other noninterest expense		42,372			34,143			5,113			5,041			3,484			3,257

Income (loss) before income taxes		(9,630	)		8,802			1,235			2,176			5,930			2,843
Income tax expense (benefit) ⁽²⁾		(2,853	)		2,497			450			804			2,160			1,049

Net income (loss)	$	(6,777	)	$	6,305		$	785		$	1,372		$	3,770		$	1,794

Period-end total assets	$	2,261,319		$	2,368,384		$	449,123		$	439,770		$	161,756		$	184,213


	Consumer Real						Global Commercial						Global Banking &
	Estate Services						Banking						Markets
	2011			2010			2011			2010			2011			2010

Net interest income ⁽²⁾	$	1,475		$	2,199		$	3,677		$	4,290		$	3,828		$	4,172
Noninterest income (loss)		(10,727	)		4,038			1,784			1,685			10,854			11,425

Total revenue, net of interest expense		(9,252	)		6,237			5,461			5,975			14,682			15,597
Provision for credit losses		2,605			5,990			(338	)		1,559			(284	)		103
Amortization of intangibles		11			25			29			37			59			73
Other noninterest expense		13,437			5,960			2,145			1,968			9,376			8,951

Income (loss) before income taxes		(25,305	)		(5,738	)		3,625			2,411			5,531			6,470
Income tax expense (benefit) ⁽²⁾		(8,370	)		(2,119	)		1,321			891			1,839			2,333

Net income (loss)	$	(16,935	)	$	(3,619	)	$	2,304		$	1,520		$	3,692		$	4,137

Period-end total assets	$	185,398		$	223,998		$	280,289		$	306,234		$	691,249		$	718,563



	Global Wealth &
	Investment Management						All Other
	2011			2010			2011			2010

Net interest income ⁽²⁾	$	3,140		$	2,907		$	(74	)	$	118
Noninterest income		5,842			5,323			3,066			4,332

Total revenue, net of interest expense		8,982			8,230			2,992			4,450
Provision for credit losses		118			363			3,462			2,466
Amortization of intangibles		223			233			-			12
Other noninterest expense		7,007			6,135			1,810			2,831

Income (loss) before income taxes		1,634			1,499			(2,280	)		(859	)
Income tax expense (benefit) ⁽²⁾		595			731			(848	)		(1,192	)

Net income (loss)	$	1,039		$	768		$	(1,432	)	$	333

Period-end total assets	$	284,294		$	252,507		$	209,210		$	243,099



⁽¹⁾		There were no material intersegment revenues.

⁽²⁾		FTE basis

Reconciliation of Consolidated Net Income of Business Segments


	Three Months Ended June 30						Six Months Ended June 30
(Dollars in millions)	2011			2010			2011			2010

Segments’ total revenue, net of interest expense ⁽¹⁾	$	11,618		$	26,323		$	37,586		$	57,290
Adjustments:
ALM activities		1,145			976			910			1,726
Equity investment income		1,139			2,253			2,547			2,765
Liquidating businesses		62			444			112			1,048
FTE basis adjustment		(247	)		(297	)		(465	)		(618	)
Other		(481	)		(546	)		(577	)		(1,089	)

Consolidated revenue, net of interest expense	$	13,236		$	29,153		$	40,113		$	61,122


Segments’ net income (loss)	$	(8,610	)	$	2,000		$	(5,345	)	$	5,972
Adjustments, net-of-tax:
ALM activities		(535	)		(452	)		(1,945	)		(479	)
Equity investment income		718			1,419			1,605			1,742
Liquidating businesses		(9	)		103			(44	)		272
Merger and restructuring charges		101			320			228			648
Other		(491	)		(267	)		(1,276	)		(1,850	)

Consolidated net income (loss)	$	(8,826	)	$	3,123		$	(6,777	)	$	6,305

⁽¹⁾

FTE basis

Reconciliation of Consolidated Total Assets of Business Segments


	June 30
(Dollars in millions)	2011			2010

Segments’ total assets	$	2,052,109		$	2,125,285
Adjustments:
ALM activities, including securities portfolio		639,220			586,609
Equity investments		30,995			35,450
Liquidating businesses		10,078			33,026
Elimination of segment excess asset allocations to match liabilities		(629,621	)		(603,543	)
Other		158,538			191,557

Consolidated total assets	$	2,261,319		$	2,368,384

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References + Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details