NEW YORK (TheStreet) -- Major banks are under the scrutiny of Attorney General Eric Holder, who recently warned on the Department of Justice Web site, "There is no such thing as too big to jail." This warning obviously includes the four "too big to fail" money center banks that are in the KBW Banking Index.
We crunched the numbers for all 24 components of the banking index before earnings in "Crunching the Numbers on Bank Earnings Season: JP Morgan, Wells Fargo, Citi."
Looking at today's second table below, only nine of the banks in the index beat analysts' earnings per share estimates, while three matched estimates and 12 missed. This table also shows that as of Tuesday's market close, 23 of 24 of the bank stocks have traded lower since April 9. They have been led by Bank of America (BAC) ($14.73), down 11.4%; Fifth Third Bank (FITB) ($20.28), down 10.3%; and JPMorgan Chase (JPM) ($53.34), down 10%.
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