bank of america's brian moynihan is with me next. >>> next, are young innovators at risk? a look at scientists and tinkerers who may be coming up with the next big idea. as we take a break, take a look at how the stock market ended the week. back in a moment. ♪ ♪ hello sshe ♪s yocan be ♪ove u [ chuckl ] o ur morody ♪ ♪ can tell it's gon be ♪we day [ feouer ] wake up et th nut cios real. kissedith real honey for a mmy ta that's jusrit. and the 100% nural whole ai trea hea set. and the 100% nural whole ai because eyan help loyour choster >>> shares of bank of america rose this week after the nation's largest bank held its first investor day in four years. ceo brian moynihan had a bullish outlook, saying that the company's pretax earnings could approach $40 billion a year. he hopes to be able to restore a regular dividend to investors, pending approval from federal regulators. the bank first cut its dividend in the fall of 2008. i spoke with b of a's ceo brian moynihan about the road ahead, which have the best franchise. we have the strategies to grow it. we rebuilt the balan

brian moynihan calls it a new era for the bank. in addition to pledging no more mergers and a return to dividends, b-of-a will split its $2 trillion portfolio of home loans just about in half. it will continue to own 49%, while separating the rest for sale. those will be the worst- performing, riskiest loans, most of them done between 2004 and 2008, during the worst of the housing bubble. speaking of mortgages, homebuilder pulte group saw a nice 8% pop, reversing some of the slide shares have seen since may of last year. the builder said it signed 11% more home sale contracts in the first two months of this year compared to last year. other builders also saw some stock buying. mdc gained 11%. it got a couple of analyst upgrades. ryland was up 7.5%. kb home rallied about 5.5%. while bank of america led the dow, mcdonald's was the laggard, falling 1%. february same-store sales were up more than expected, but the performance in the u.s. was disappointing. the stock has seen some choppy times in the past two months after hitting new al

brian brian moynihan back in january even president bob king justified the u.a.w. as protest by saying quote anything that would help the middle class bank of america posed when workers are struggling to pay childcare and feed their families bank of america in two thousand and ten made seventeen and a half billion dollars from credit card a.t.m. fees. similarly the new york times reported today that america's largest corporation g.e. made fourteen billion dollars internationally and over five billion dollars in the united states again in profits and the money left over after it everybody else everything else but instead of owing taxes they got a three billion dollar tax benefit that's as in from you and me so how is it that an extremely profitable corporation like bank of america pays nothing in taxes and g.e. even gets money back whereas you and i are paying up to thirty five percent in tax rates why is it that corporations pay thirty percent of the cost of government the one nine hundred fifty s. but the day pay only six point six percent with you and me picking

it's ceo brian moynihan says simply it wouldn't be fair to lower mortgages for those who are in troublend not help out those who have been good about paying their loans on time. >>> stock market coming off a decent day yesterday thanks a decent day of cooling oil prices. not much on tap economically today so the focus will be again on oil prices, surging higher approaching $106-barrel. that has the market down, the dow down by 34, nasdaq down 20, the s&p down by 5. >> you're full of good news, aren't you. >> yeah. been a rough couple of days. yesterday we had a decent day. >> we did. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> okay. does your blackberry keep buzzing long after you have left work? new studies show that a lot of women feel guilty about bringing their work home with them even if it does not interfere with their family life. researchers found women frequently contacted by coworkers or clients at home experience higher levels of psychological distress. men, on the other hand, come home open the fridge grab a beer, sit in the chair, less affected by it. bu