The Traderszone Network

Published in TZ Latest News 21 September, 2014 by The TZ Newswire Staff

Bank of America shares to rise 50 percent in three years: Barron’s

The bank could report earnings per share of $2 by 2017, which compares with 75 cents this year, according to the report. While legal costs related to the global financial crisis have impacted the bank’s earnings, it should start to become more profitable in the fourth quarter, Barron’s noted. Chief Executive Brian Moynihan told the newspaper that the bank is seeing rising profit in its core units. Shares in Bank of America closed on Friday at $16.95 per share.