05/21/2009 05:12 am ET Updated May 25, 2011

Bank Profits: Amateur Hour For Aspiring Magicians

This is starting to feel like amateur hour for aspiring magicians.

Another day, another attempt by a Wall Street bank to pull a bunny out of the hat, showing off an earnings report that it hopes will elicit oohs and aahs from the market. Goldman Sachs, JPMorgan Chase, Citigroup and, on Monday, Bank of America all tried to wow their audiences with what appeared to be -- presto! -- better-than-expected numbers.

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