Tony Pallotta cuts through the noise of the TBTF bank earnings: Income before provisions...

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

Tony Pallotta cuts through the noise of the TBTF bank earnings: Income before provisions continues on a downward slope - "banks are simply generating less income." More importantly, loan loss reserves are falling even as home prices drop and unemployment remains high - a questionable padding of income.