It's bank earnings Palusa, and we've got a special guest from 3,000 miles away.

You're in the right place folks because this is where the money is.

Welcome to the show folks, I am David Hanson. Normally joined by Matt

Kopanefrobe, he is still enjoying his African vacation. So I am joined

virtually by fool contributor John Maxfield all the way from Oregon 3,000 miles away. We are very

glad to have him here today and just a full disclosure for those of you listening

on the podcast. John is remote. This is the first time that we've had a remote guest on the podcast. John is remote, this is the first time that we've had a remote guest on the

podcast today and on the show.

So if the audio quality is not superb, we're sorry, we're working through it, but hopefully

it's all right.

John's wisdom is worth it if the quality isn't

quite that good. So we'll go to our first headline today from the Wall Street

Journal. What else? Bank of America's earnings surge on improved credit, Bank of America reported earnings this morning.

John, what did you make of it?

Well, you know, I mean I think that headline says with all, you know Bank of America if you look at their

top if their bottom line figures is a fantastic quarter right we consider all the

headlands in the industry that we've seen as well as far as the city groups and

Gator more than that 2.5 billion industry that we've seen as well as far as the city group in G.

They have $2.5 billion in profit.

Now if you take that over a full year,

that gives you about a buck a share in earnings,

which when you consider where it was last year,

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