Analysts predict 57 percent jump in bank earnings

Filed under: AM Roundup |

Analysts are predicting a huge surge in bank earnings in 2012, according to Bloomberg.

The six largest lenders, which includes  Bank of America, JP Morgan Chase and Goldman Sachs, could see earnings jump nearly 60 percent.

However, a year ago, analysts predicted bank profits would jump 32 percent – instead they saw an 18 percent decrease in earnings in 2011.

Read more at Bloomberg.