Though Q1 bank profits looked good at first glance, most of it came in unsustainable ways, and...

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

Though Q1 bank profits looked good at first glance, most of it came in unsustainable ways, and can't hide a combined 13.3% drop in net revenue at the big six: BAC, JPM, C, WFC, GS, MS. Earnings growth was largely driven by reduced loan-loss provisions, "which the market has largely discounted"; attention has shifted to overall revenue or pre-tax pre-provision net revenue.