New York Community Bancorp (NYSE:NYCB) reported earnings on Wednesday, while Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) continued to battle precrisis demons. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer discuss the day's headlines. Among the newsmakers they discuss are bank earnings and the big banks' legal buffers.

David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.