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Fog of Legal Bills Seen Lifting at U.S. Banks as Revenue Rises

It would have been a good year for the biggest U.S. banks if it weren’t for $30 billion in legal costs.

Revenue at the six largest firms, which start reporting results this week, probably climbed to $413.6 billion in 2014, second only to a record set in 2010, based on results from the first nine months of last year and analysts’ estimates for the fourth quarter. That’s providing hope that an increase in profit will follow once banks move past 2014’s record legal expenses.