John Paulson says Bank of America (BAC +3.1%) shares will almost double over the next two years...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

John Paulson says Bank of America (BAC +3.1%) shares will almost double over the next two years as writedowns ease. "Banks will have passed the current writedown cycle and have visibility for growth in 2012," the hedge-fund giant told investors in his Q3 letter. Paulson's holdings likely rank him among the 10 biggest stakeholders in BofA.