NEW YORK ( TheStreet) -- Given the free money available from the Federal Reserve it is not surprising that only two of the 24 banks in the PHLX KBW Banking Index (^BKX) did not beat their second quarter earnings estimates. The four 'too big to fail' money center banks are in this banking index and as I expected each had the accounting flexibility to easily beat Wall Street estimates.When I compare assets among the 'too big to fail" banks at the end of 2010 to the assets at the end of first quarter of 2013 three of the big four are bigger.
Big Banks Are Beating Earnings Estimates
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