Kenneth D. Lewis, the chairman and chief executive of Bank of America Corp., delivered a speech Friday to the National Black MBA Association in Washington. During his speech, titled "Banking on Balance," he touched on the week's events. Mr. Lewis described the current state of the financial sector with a mixture of optimism and realism. The scene is "less outright failure and more of the walking wounded," he told attendees. Following are excerpts.

Thank you, Geri. And thank you for helping to shape the deep culture of diversity and inclusion that makes us strong today. I appreciate all you continue to do for us.

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