Key points off the call so far from BofA's Moynihan: The franchise is sound, no capital raising...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Key points off the call so far from BofA's Moynihan: The franchise is sound, no capital raising is necessary. The bank will meet regulatory requirements by aggressively selling non-core assets, Merrill stays. Bad mortgages continue to be cleared out, with risk being lowered each quarter. BAC -5%.