Rationalize all you want. I am in BBT to make $s not fight with the analysts.
You might want to take a look at what Dimone of JPM had to say about the next year or so. Dimone is one of the smartest guys heading a bank and has steered JPM out of trouble comparatively speaking (compared to C and WB say).
That's an open quetion isn't it? I agree that earnings for banks are better than the naysayers predicted, but there is still plenty to worry about (CCs and HELOCS to mention a couple).
Count on it - the naysayers will be pounding this continuously starting by mid-August after earnings season is over. If I am wrong what is the worst that happens to me? I made some damn nice profits on BBT.