MBNA deal to boost Bank of America's earnings
Looks like Bank of America's bet on MBNA is paying off, according to at least one analyst. Morgan Stanley banking analyst Betsy Graseck says cost savings from the deal will likely add 9 cents to the bank's earnings-per-share in 2006 and 18 cents in 2007. She maintains an overweight on the stock. Other goods news: a more aggressive share buyback program and solid fee growth from the bank's wealth advisory unit.
> Here's a Forbes article.
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