Can Bank Of America Really Hit $30?

With Bank of America (BAC) on the cusp of hitting $8, a few analysts have now come to suggest that it can possibly hit $30 - in four years. In a recent article noted BofA bull Dick Bove suggested that the troubled bank should be able to hit $30. As shocking as that may sound, I don't think that it is out of the realm of possibility. On the heels of having issued my own price prediction of $10, I am now inclined to consider revising that target and think that it is perhaps a tad too conservative - but not because of Mr. Bove's suggestion, but for the simple fact that the stock is now only $2 away and shows no signs of slowing down.

In the article citing an interview by Mr. Bove, he was quoted as saying the following:

I think there