Relevant:
- Goodwill Impairments Drive Fifth Third’s $2.2 Billion Loss
- Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends; Complain They Can't Lend
- Stocks Trade Lower as Goldman Sachs Slides After Missing Earnings Forecasts
- At Bank of America, an $8.8 Billion Loss
- Wachovia Posts $23.9 Billion Third Quarter Loss
2011-10-18 — zerohedge.com
`` this is non-recurring gibberish. You take the $3.77 billion in Net Income, take out $1.9 billion in "buying CDS on yourself", and the $1.4 billion in phantom EPS loss reserve, and end up with $0.5 billion or $0.16 per share. It will take the vacuum tubes about an hour to figure this out.''
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