Tuesday, July 28, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 8/29/2012

U.S. bank profits grow in quarter, FDIC says


WASHINGTON — U.S. bank profits rose 21 percent in the April-June quarter, the Federal Deposit Insurance Corp. said Tuesday.

It said banking industry profits were $34.5 billion in the quarter, up from $28.5 billion in the year-ago period.

About 63 percent of U.S. banks reported improved earnings as they were able to set aside less for losses on loans, the agency said. And the number of troubled banks fell for the fifth straight quarter.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.