News : DCUC Insights

Record Bank Profits

Tuesday, November 20, 2018  
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According to FDIC Q3 results, bank profits set another record -- $62 billion.

Third quarter profits were up just under 30% over the same period last year.  Half of that increase was attributed to tax reform, according to FDIC, but even without that their profits would have been $54.6 billion.

Of note: The ROA is 1.41%, the highest since FDIC began publishing quarterly results!

Only 3.5% of banks were unprofitable.

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