Bank Profits Rise 29% to $76.8B in 1st Quarter
Still, net interest income fell by $7.6 billion, or 5.6%, the sixth straight quarterly decline, and average net interest margin fell to 2.56%.
Bank Profits Rise 9% to $59.9B in 4th Quarter
“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.
U.S. Banks’ Profits Sink 69% to $18.5B in Q1
Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
Bank Profits Rise as Interest Spread Hits 3.3%
Average net interest margin reached its highest level since late 2012 as banks continued to benefit from rate hikes.
Bank Profits Surge 10.7% to Record $48.3B
An FDIC survey shows the industry is benefiting from increasing net interest margins, which reached an average of 3.22% in Q2.
Bank Profits Jump 13% to $45.6 Billion in Q3
The industry posted "another positive quarter," the FDIC says, but faces continued challenges including low interest rates.
IMF Warns Weak Bank Profits Fueling Instability
The Fund says a cyclical recovery is not enough to solve the bank profitability problem, recommending a "bold structural reform program."
Bank Profits Increase in Strong Second Quarter
Results were "mostly positive," the FDIC said, with profits rising 1.4% and the number of problem banks falling to a 7-year low.
Restructuring Gaining Steam at European Banks
Credit Suisse, Standard Chartered and Deutsche Bank are among the banks that are overhauling themselves after losing ground to U.S. banks.