Bank of America's (NYSE:BAC) serious dip in profits from one year ago was largely attributed to legal costs – and, no doubt, they were onerous. Looking below the surface, however, is a simmering problem: the bank doesn't seem to have a consistent method for making money.
This issue is becoming even more apparent now that one big way B of A has been propping up its bottom line – cutting costs – is waning. More disquieting, however, is the fact that the bank just isn't making loans, despite its efforts to bolster that activity. The slideshow below highlights a few reasons why the future still isn't bright for the Charlotte, NC-based megabank.