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Bank of America Hires Industrials Analyst; Robert McCarthy Joins Equity Research Department


May 24, 2006

NEW YORK – Bank of America announced today that Robert McCarthy has joined the Equity Research Department in Banc of America Securities as senior research analyst covering the Electrical Equipment and Multi-Industry sectors. He is based in New York and reports to Joan Solotar, managing director and head of Equity Research.

“Robert is a welcome addition to our Industrials sector team and we are confident that investors will benefit from his thoughtful industry research and stock ideas in this widely-owned sector,” said Solotar. “We look forward to the additional momentum he will bring to our already strong equity research team covering the Industrials sector, increasing its recognition by investors as a top research source.”

McCarthy joins Bank of America from CIBC, where he covered Electrical Equipment and Multi-Industry stocks for the past two years. Prior to joining CIBC in 2004, McCarthy was with Morgan Stanley where he was part of the equity research team covering Aerospace & Defense and Electrical Equipment.

Robert received a master of business administration from The Wharton School of Business, a juris doctorate from Duke University School of Law and a bachelor of arts degree in English from Dartmouth College.

About Bank of America
Bank of America (NYSE: BAC) 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 products and services. The company’s Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Many of the bank’s services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit


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