Saite said that Bank of America's net interest income "will also benefit from
The analyst is expecting major expense reductions for the company, saying that "the two key drivers of BAC's earnings over the next three years will be its success in reducing Legacy Asset Servicing (LAS) costs, which were running $10bn above normal in Q3 2012, plus the amount of the "New BAC"
Staite is way out in front of the consensus, estimating that Bank of America will earn $1.23 a share in 2013, followed by EPS of $1.53 in 2014.
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