More from Berkowitz: The book value of Bank of America (BAC) should double over the next 3-4...

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

More from Berkowitz: The book value of Bank of America (BAC) should double over the next 3-4 years, he tells Bloomberg. If the valuation - currently at just over 0.5x book - moves to just a modest slightly-above book, the stock's a 4-bagger. There's a growth story here as well, he says. Should the GSEs wind down, banks and insurers like AIG are poised to grab the business.