Banc of America Securities-Merrill Lynch Research Dominates Leading Surveys



    NEW YORK, May 19 /CNW/ -- The Research organization of Bank of America
and Merrill Lynch has significantly outperformed all of its competitors in
client polls and research forecasting awards since the two platforms were
integrated earlier this year.
    

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20090218/CLW006LOGO )

    
    To date, Banc of America Securities-Merrill Lynch Research has earned a
global award, 11 regional awards and 157 individual analyst awards, clearly
demonstrating the power of the combined platform. Highlights of the company's
2009 Research rankings include:
    

    --  Top Global Broker - Financial Times/StarMine
    --  Top U.S. Broker - Financial Times/StarMine
    --  Number 2 European Broker - Financial Times/StarMine
    --  Best Brokerage - Forbes/Zacks; captured more than twice the awards of
        the runner-up
    --  Seven out of 12 analysts named to Forbes/Zacks "Dazzling Dozen"
    --  Number 2 - Institutional Investor All-Europe Research Team; Number 1
        Pan-European Coverage
    --  Number 3 - Institutional Investor All-Emerging Europe Research Team

    --  Number 1 in the U.S., Number 2 in Asia Pacific (ex-Japan) and Latin
        America, and Number 3 in Developed Europe - Financial Times/StarMine
        broker rankings for earnings forecasts

    
    Candace Browning, president of Banc of America Securities-Merrill Lynch
Global Research, commented: "These awards display the power of our combined
franchise and clearly differentiate us from the rest of the industry. Our
superb rankings are a testament to the excellence and dedication of our
analysts and are particularly meaningful in a year of unprecedented change in
the global markets and in the financial services industry."

    The goal of Banc of America Securities-Merrill Lynch Research is to be
the premier global research franchise, providing clients with exceptional
service, value-added investment insights and alpha-generating investment
recommendations. Since January 2009, Banc of America Securities-Merrill Lynch
Global Research has hired over 35 analysts globally. The Research team
provides recommendations on nearly 3,000 equity securities and 850 corporate
bond issuers. The group also provides economic forecasts for approximately 60
countries and recommendations on 40 currencies.

    Steve Haggerty, head of Banc of America Securities-Merrill Lynch Americas
Equity Research, said: "The survey results make it clear that we are extremely
well positioned in a highly competitive market environment. For us, these
awards serve as a further incentive to our analysts to continue to evolve
their research products and recommendations to better serve our clients."

    StarMine and Zacks Investment Research are independent firms that measure
the performance of brokers and analysts over sets of stocks in two areas: the
returns of buy/sell recommendations and the accuracy of earnings estimates.
The 2009 Financial Times/StarMine survey results are based on the 2008
calendar year. The Forbes/Zacks survey results reflect the stock picking
period from March 31, 2006 through March 31, 2009, and the earnings estimation
period from the last three fiscal years of the specific stocks covered by each
analyst.
    The Institutional Investor 2009 All-Europe Research team survey results
are based on responses from more than 1,300 money managers at 541 institutions
managing an estimated $6 trillion in European equities, and cover the time
period March 2008 through February 2009. The Institutional Investor 2009
Emerging EMEA Research team survey results are based on responses from nearly
300 investors at more than 220 firms managing an estimated $226 billion in
emerging EMEA equities, and cover the time period March 2008 through February
2009.
    

    Bank of America

    
    Bank of America is one of the world's largest financial institutions,
serving individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. The company
provides unmatched convenience in the United States, serving approximately 55
million consumer and small business relationships with more than 6,100 retail
banking offices, more than 18,500 ATMs and award-winning online banking with
nearly 30 million active users. Bank of America is among the world's leading
wealth management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to more than 4 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients in more than 150 countries. Bank of
America Corporation stock (NYSE:   BAC) is a component of the Dow Jones
Industrial Average and is listed on the New York Stock Exchange.

    "Bank of America Merrill Lynch" is the marketing name for the global
banking and global markets businesses of Bank of America Corporation. Lending,
derivatives, and other commercial banking activities are performed by banking
affiliates of Bank of America Corporation, including Bank of America, N.A.,
member FDIC. Securities, financial advisory, and other investment banking
activities are performed by investment banking affiliates of Bank of America
Corporation ("Investment Banking Affiliates"), including Banc of America
Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which
are both registered broker-dealers and members of FINRA and SIPC. Investment
products offered by Investment Banking Affiliates: Are Not FDIC Insured (*) May
Lose Value (*) Are Not Bank Guaranteed.
    

    www.bankofamerica.com



    




For further information:

For further information: Susan McCabe Walley, Bank of America,
+1-212-449-0389 susan_mccabe@ml.com

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BANC OF AMERICA SECURITIES-MERRILL LYNCH RESEARCH

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