Bank reporting season for the first quarter of 2011 is now essentially over. As we were summarizing this quarter’s aggregate results, we thought it would be interesting to discuss some significant myths in U.S. banking. Namely, we will discuss:

Myth #1: U.S. Banks Continue to Struggle
Myth #2: The U.S. Banking Business Model is Broken
Myth #3: Bank Analyst Estimates are Relevant During a Credit Cycle
Myth #4: Banks are Fragile, and Vulnerable to Another Crisis
Myth #5: Current Earnings are of Low Quality