Bank of America will focus on our best opportunities where our scale, powerful distribution and customer knowledge will differentiate us with clients and customers.
We have identified areas such as small business lending, capital markets and mass affluent financial services where we are small compared to our shares of other businesses and can offer value-added services and products to targeted clients. While the headwinds of margin compression and higher credit costs will make growth harder to achieve in 2007, we believe that serving customers well and focusing on our best opportunities will drive future shareholder value.