Big Banks = Big Bucks
The latest FDIC Quarterly Banking Profile shows quite a difference between big bank and small bank earnings. You might expect that, as a group, banks with over $10 billion in assests would make the lion's share of bank earnings. But, would you believe 95% of all bank profits in the US? And the ROA and ROE numbers show the big banks dramatically outperforming small banks.
My favorite stat? Just one bank, JPM, was responsible for more than one out of every five dollars earned by US banks in the last quarter of last year.
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