The good times are around the corner! That was the message from Bank America CEO during the company’s first investor conference since 2007.
Bank Of America Profit Forecast & Prediction.
The chief executive of Bank of America has forecast and predicted pretax earnings of $35bn-$40bn a year once its businesses recovered from the financial crisis.
Why Bank of America stock may be set for Growth
Bank of America stock is currently trading at $14. Last year profits were around $11 billion. If the company delivers in it’s promise of growing profits 3 fold, then the stock could be set for a massive upswing.
The CEO, Brian Moynihan had a sweetener for shareholders, he said BofA aims to pay out 30 per cent of its annual earnings in dividends.
written by Constantine Njeru
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