Bank of America reported that first-quarter profit nearly tripled, thanks largely to its purchase of merrill Lynch. But the financial giant's results also contained a lot of questions that are worrying analysts Monday.
CNBC's David Faber reported on these troubling questions:
"Bank of America is another murky picture. earnings look great, sure — but then we get to things like credit quality, the provisions for credit losses...all the net charge-offs."
"When you talk about the quality of earnings, like we were talking about on Friday — pertaining to Citigroup — it's the same story."
Faber also takes on Goldman Sachs' latest statements. (Watch the video for more.)
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