Archived U.S. banks record $59.1 billion in profits in fourth-quarter of 2018 (reuters.com)
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Archived U.S. banks record $59.1 billion in profits in fourth-quarter of 2018 (reuters.com)
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[–] derram ago
https://archive.ph/STO2q :
'In the third quarter of 2018, banks reported a record $62 billion in profits. '
'Banks have by and large benefited from the tax overhaul, enjoying record profits since its enactment, driven in part by their lower effective tax rate. '
'U.S. bank profits were up 18.5 percent in the fourth quarter of 2018 compared to one year prior, after adjusting for changes spurred by the 2017 tax law. '
'WASHINGTON (Reuters) - The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter’s record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporation. '
'The FDIC said the profits were driven by lower taxes and higher operating revenues. '
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