U.S. banking sector reports $62 billion profit in third quarter: FDIC
Why investors do not talk about this?
WASHINGTON (Reuters) – The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation.
The regulator said in a statement that profits were boosted by a lower effective tax rate and higher operating revenues.
Reuters Data