morning call .. 04 20 2007

BoA Facts: largest bank with deposits, second largeset bank with earnings. top segments: mortgage banking and card services. -underprovisioned 3 cents. -earnings dropped yoy, increased sequential basis -50% revenue from consumer and small business banking, yield curve, NIM drop 2.98% to 2.6%, its consumer banking revenue dropped *credit card loss due to higher deliquency *mortgage origination -strategy: 10% regulatory limit, Sallie Mae, MA advisored deals increased from 15.2 bil to 27.8 -CFO Joe Price, might grow less than 2% in the 1st half of 2007