Brian Moynihan's strategy for his first call with analysts as Bank of America Corp.'s chief executive was clear: use measured reassurances to reconcile the highs and lows of the company's financials.

Moynihan, who succeeded Ken Lewis Jan. 1, had to report the company's third losing quarter in the past five and explain a mixture of good and bad signs on loan demand, credit quality and key operations. For the most part he played it safe, setting a tone of cautious optimism for the year ahead.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.