I must be missing something others are seeing.
When I look at the $4.795B net income, back out the $1.5B (removed for loss reserves), we have $3.3B. In relation to EPS, ($3.3/4.0B =) this equates to $0.82. This still handily beats consensus of $0.70.
I must be doing something wrong cause a lot of people (including Bove) are saying its a bad quarter.