BUSINESS
03/28/2009 05:12 am ET Updated May 25, 2011

BofA's Kenneth Lewis Calls $15.8B-Losing Merrill Lynch "A Thing Of Beauty"

Bank of America Corp. Chief Executive Officer Kenneth Lewis said Merrill Lynch & Co. and Countrywide Financial Corp., the acquisitions that some analysts say helped push down the bank's share price, have been "stars" so far this year.

Lewis, speaking today in a Bloomberg Television interview from his Charlotte, North Carolina, headquarters, said Merrill will be "a thing of beauty" over the long term. Merrill, the New York-based securities firm, lost $15.8 billion in the fourth quarter.

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