Bank of America

Joe Price Chief Financial Officer

Bank of America Securities ConferenceSeptember 17, 2007

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Forward Looking StatementsThis presentation contains forward-looking statements, including statements about the financial conditions, results of operations and earnings outlook of Bank of America Corporation. The forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results or earnings to differ materially from such forward-looking statements include, among others, the following: 1) projected business increases following process changes and other investments are lower than expected; 2) competitive pressure among financial services companies increases significantly; 3) general economic conditions are less favorable than expected; 4) political conditions including the threat of future terrorist activity and related actions by the United States abroad may adversely affect the company’s businesses and economic conditions as a whole; 5) changes in the interest rate environment reduce interest margins and impact funding sources; 6) changes in foreign exchange rates increases exposure; 7) changes in market rates and prices may adversely impact the value of financial products; 8) legislation or regulatory environments, requirements or changes adversely affect the businesses in which the company is engaged; 9) changes in accounting standards, rules or interpretations, 10) litigation liabilities, including costs, expenses, settlements and judgments, may adversely affect the company or its businesses; 11) mergers and acquisitions and their integration into the company; and 12) decisions to downsize, sell or close units or otherwise change the business mix of any of the company. For further information regarding Bank of America Corporation, please read the Bank of America reports filed with the SEC and available at www.sec.gov.

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Bank of America Today

Strong Balance Sheet Diversified Earnings

Market Leadership Customer Convenience

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A Diverse Business Mix

First Six Months 2007 Earnings - $11 Billion

Global Wealth &Investment Management

10%

Global Consumer & Small Business Banking

47%Global Corporate &Investment Banking

29%

Other14%

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Global Consumer & Small Business BankingFirst Six Months 2007 Earnings - $5.1 Billion

Other/ALM1%

Deposits51%

Card Services

41%

Consumer Real

Estate7%

Growth Opportunities• Deposits and debit businesses

• Unsecured consumer credit, including card

• Payments business integration

• Consumer real estate

Strengths• #1 deposit market share

• #1 card services in US and UK

• #1 small business lender

• Largest delivery network

GCSB results presents on a managed basis

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Consumer Credit

• Credit losses remain within expected ranges in 2007

• Exited subprime loan origination business in 2001

• Consumer real estate loss ratios remain below industry averages

• Expect card losses to have peaked in 2Q for the year

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Global Corporate & Investment BankingFirst Six Months 2007 Earnings - $3.1 Billion

Other/ALM-3%

Business Lending

34%

Capital Markets

37%

Treasury Services

32%

Growth Opportunities• Business banking product penetration

• Electronic payments

• International presence and treasury services

• Middle market investment banking

Strengths• #1 Middle market lender

• Top 3 US fixed income capital markets

• Leading treasury services provider

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Global Wealth & Investment ManagementFirst Six Months 2007 Earnings - $1.2 Billion

Other/ALM7%

Premier Banking &

Investments56%

Private Bank18%

Columbia Management

19%

Growth Opportunities• Mass affluent expansion

• Private bank

• Columbia Management AUM growth

Strengths• #1 Mass affluent services provider (Premier Banking)

• 19th largest US asset manager (Columbia)

• Largest US Private Bank ( US Trust)

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Long-term Financial Objectives

10% EPS growth to be driven by:

• 6% to 9% revenue growth

• 2% to 4% operating leverage

• Manageable credit costs

• Advantageous capital management

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Bank of America Differentiating Factors

• Ubiquitous franchiseVast customer base

Unparalleled customer convenience

Market and product leadership positions

Information and innovation

• Demonstrated ability to executeLeverage franchise capabilities

Provide innovative customer solutions

Superior integration expertise

• Opportunities for continued organic growthRetail banking penetration

Capturing the wealth opportunity

Commercial banking client expansion

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Coast to Coast Footprint

In Bank of America Markets

• 76% of U.S. population

• 57 million consumer and small business households

Positioned in growth markets

• 16 of 20 fastest growing states

• 20%+ retail deposit market share in top 30 markets

Affluent relationships

• Relationship with 44% of mass affluent households

• 44% of wealthy households in footprint

Business Client Leader

• #1 Small Business Bank

• Relationships with 98% of the U.S. Fortune 500 companies and

• 80% of the Global Fortune 500

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Reaching Customers 3,000 Times A Second

Customer

5,700 Banking Centers

17,000 ATMs

5,000 Affinity GroupsAlmost 23MM Online Users

2.6B Contacts

Can reach 63% handheld devices

13 FTE basis; excludes merger & restructuring charges

Effectively Managing Costs

2005

Efficiency Ratio

50%

54%

52%53%

2000 2001 2002 2003 2004

47%

2006

50% target

54%

52%

47%

2007YTD

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Consistent Attractive Earnings Growth

$3.55

$3.05

$3.75

$2.88 $2.55

11% Compound Growth

2000 - $2.26 reported EPS has been adjusted to exclude $.10 impact of restructuring charges as well as $.19 goodwill amortization expense eliminated in 2002 for comparability to other periods.

2001 - $2.30 reported EPS has been adjusted to exclude $.39 impact of business exit costs as well as $.19 goodwill amortization expense eliminated in 2002 for comparability to other periods.

2004 - $3.64 reported EPS has been adjusted $. 11 to exclude charges for merger and restructuring costs.2005 - $4.04 reported EPShas been adjusted $.07 to excludes charges for merger and restructuring costs2006 - $4.59 reported EPShas been adjusted $.11 to excludes charges for merger and restructuring costs

Diluted EPS

2001 2002 2003 20042000 2005

$4.11

$4.70

2006

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BusinessGrowth

Capital Usage

Strong Balance Sheet

Share Repurchases

Acquisitions

Dividends

$27 Billion Cash Flow

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Adding Density in Important Markets

Chicago Market BAC LaSalle Combined

Banking centers 56 141 197

ATMs 231 450 681

LaSalle

Michigan Market Detroit Other Michigan

Banking centers 160 110 270

ATMs 632 418 1,050

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$2.12

1977 2006

13% annualized growth

30 Consecutive Years of Dividend Increases

Dividend Yield

5.20%+

Yield based on annualized dividend and price as of 9/10/07

• Recently announced a 14% dividend increase to $.64 per quarter ($2.56 annually)

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$37,085

$49,708

1998

1999

2000

2001

2002

2003

2004

2005

2006

1H07

Cum

ulat

ive

Actively Managing Excess Capital

• Returned more than $86 billion in capital since 1998

• Repurchases plus dividends have averaged 80% of net income

($ in millions)

Tier 1 7.06%

Tier 1 8.52%

Dividends Repurchases

$86,793

Capital returned as a % of earnings 58% 88% 84% 96% 89% 91% 63% 63% 91% 60% 80%

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Managing for Growth

• Leveraging scale of national franchise

• Utilizing our knowledge to innovate

• Focused on growth opportunities

• Driving capital returns for shareholders

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Bank of Opportunity™