From the New York Times
The bank earned $4.8 billion in the final three months of 2010, or $1.12 a share, which significantly beat expectations.
The bank’s strong profits, in part, reflect the better consumer lending environment. Retail financial services, which includes everything from mortgages to credit cards to checking accounts, reported income of $708 million, compared with a loss of $399 the prior year.
As I mentioned yesterday
, we will likely see more massive profits from the mega banks this year.