|Bank of America CEO Brian Moynihan|
NEW YORK ( TheStreet) -- Bank of America ( BAC)CEO Brian Moynihan and CFO Brian Thompson will square off against their critics Wednesday afternoon as they try to stanch the bleeding in the company's share price.
Hosting the call and promising to pose the toughest questions he receives by e-mail will be Fairholme Funds portfolio manager Bruce Berkowitz, a top shareholder. Listeners on the call are also invited to ask questions. Bank of America has lost roughly half its value in 2011 as the least well-capitalized of the U.S. banking giants and the most heavily exposed to mortgage problems roiling the U.S. economy. Keefe, Bruyette & Woods analyst Jefferson Harralson believes Bank of America will be able to avoid raising equity, though he believes Moynihan and Thompson "will be reticent" to discuss their capital plans in a public forum, he wrote in a research note published Tuesday. TheStreet will be live-blogging the event beginning at 1 pm EST Wednesday. -- Written by Dan Freed in New York.