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Bank of America Corp.

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CEO Brian Moynihan may have hoped that predicting $45 billion to $50 billion in earnings down the road would mollify investors distressed at the bank’s $5.8 billion in losses over the last two years.But some critics think the embattled bank chief is being overly optimistic. After all, Bank of America still needs to resolve continuing issues from the mortgage mess and a number of embarrassing lawsuits over the bank’s foreclosure practices. And shares are off 78% from their pre-meltdown high — no wonder the Fed recently nixed the bank’s plans to restore a dividend program. —P.N.

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About corporatOCRACY

Corporatism meets Democracy; Wall Street meets Main Street.

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