Parsad Posted February 26, 2013 Share Posted February 26, 2013 According to the FDIC, 2nd best year ever for U.S. banks. Cheers! http://www.bloomberg.com/news/2013-02-26/u-s-banks-report-second-best-earnings-ever-in-2012-fdic-says.html?cmpid=yhoo Link to comment Share on other sites More sharing options...
Kraven Posted February 26, 2013 Share Posted February 26, 2013 According to the FDIC, 2nd best year ever for U.S. banks. Cheers! http://www.bloomberg.com/news/2013-02-26/u-s-banks-report-second-best-earnings-ever-in-2012-fdic-says.html?cmpid=yhoo Of course it's only because they are releasing loan loss provisions. Because of course when profits are punished due to increased provisioning that's the way it should be. Link to comment Share on other sites More sharing options...
Parsad Posted February 26, 2013 Author Share Posted February 26, 2013 According to the FDIC, 2nd best year ever for U.S. banks. Cheers! http://www.bloomberg.com/news/2013-02-26/u-s-banks-report-second-best-earnings-ever-in-2012-fdic-says.html?cmpid=yhoo Of course it's only because they are releasing loan loss provisions. Because of course when profits are punished due to increased provisioning that's the way it should be. Correct. Remember, they've had spreads tighten on them as well with lower rates, so everything comes around...good and bad. They also have the highest capitalization ratios in decades, so they will be in much better shape to handle changes in the economic cycle. Cheers! Link to comment Share on other sites More sharing options...
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