John Paulson Makes Bold Claim On Bank Of America

Legendary hedge fund investor John Paulson is out with some bold comments on Bank of America

this morning that is catching many off guard. Paulson, who runs Paulson & Co. said that Bank of America will be at $30 per share by the end of 2011. Shares are currently trading at $11.13, so this $30 price target is a far cry from where shares are currently trading. Paulson is famous for shorting the housing market in the latter part of last decade.