Goldman Sachs' earnings were a nice upside surprise, but few think its success presages blow-out earnings across the industry. We've noted before that there's a good bit of nervousness about second-quarter earnings in part because there are so many accounting headwinds and lots of worry about commercial real estate debt and credit card debt.

Business Week weighs in, noting that "in addition to focusing on banks' credit losses and impairment charges, investors and analysts will also have to sort through the impact of several government programs and various capital-raising strategies banks used in the quarter." It notes the FDIC's "special assessment," which will reduce second-quarter earnings even though it won't be collected until Sept. 30. It also notes the many new share sales, cut dividend and exchange offers to sort through. Lots of potential for one-time charges. We may see more analysts get a little more conservative in their estimates as earning release dates near. 

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