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Earnings Growth Dominated by Bank of America: Pro

Monday, 9 Jul 2012 | 5:30 AM ET

"We are not seeing an outright decline in earnings, we are actually expecting growth of 3 percent, however this would be the lowest growth we have seen in about three years and it is also important to note that most of this growth is coming from just one company Bank of America," John Butters, senior earnings analyst at FactSet, told CNBC.