Bank Earnings to Spike 300-500%: Bove
Earnings and US banks will likely growth by 300 percent to 500 percent from 2011 to 2015, Rochdale Securities Banking Analyst Richard Bove said in a research note, Reuters reported Monday.
Liquidity and capital will be the base for the significant earnings growth, Bove said.
Bank earnings will likely be dismal for the remainder of 2009, he said.
US regional banks will continue to lose money into early 2010, he added.