Banks’ Expenses Growing, But Not Their Incomes
The formula for banks' lower profits: three rate cuts by the Fed, yield-curve inversions, and higher salary and benefits costs.
Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
Banks’ Balance Sheets: Strong Enough to Absorb a Credit Shock?
Quarterly U.S. bank earnings show balance sheets getting stronger; business loans still performing well.
Banks Making a Bundle
“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.
Why Does Goldman Sachs Want to Be a Bank?
Rising rates haven't helped Goldman's small banking unit, which likely will remain small yet subjects the firm to regulatory restrictions on its activities.
U.S. Banks’ Profits Show First Drop in 2 Years
The industry's first-quarter results were mixed, with loan balances growing at the highest rate since 2009 and operating revenue up 2.7%.
Bank Profits Increase 5.1% to $40B
The increase in third-quarter earnings was mainly attributable to a $3.2 billion decline in noninterest expenses.