Bank Profits

Great Expectations

Reuters | Posted 04.09.2012

* Earnings reports follow 24 pct rise in bank stocks this year * Some big banks could show profit decline from year ago ...

It Turns Out 2011 Was A Pretty Great Year For Banks

The Huffington Post | Alexander Eichler | Posted 03.08.2012

By almost any measure, 2011 was a rocky year -- high unemployment, volatile markets, rising poverty, protests in the streets. Thankfully, the banks ma...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

Housing Bust Continues To Haunt Big Banks

AP | By PALLAVI GOGOI | Posted 01.14.2012

NEW YORK -- The economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent $3.2 billion last year to fight lawsuit...

When Does the Preferential Treatment of Banks Become Obscene?

Clarence B. Jones | Posted 01.30.2012

Clarence B. Jones

How long will we permit the major banks to "game" our economic system? Or, maybe it's time to frankly acknowledge they have become the De facto fourth branch of our government, without any amendment to our Constitution.

FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the ...

Customers Using Credit Cards Ignore Product's Downsides

The Huffington Post | Harry Bradford | Posted 11.21.2011

That giddy feeling that comes along with making a purchase and not seeing any money exchange hands isn't in your head. When consumers pay with cre...

Big Banks Slated To Lose Billions In Customer Cash Over Next Year: Report

Posted 11.21.2011

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

BofA Had 20 Days Of Trading Losses Last Quarter

The Huffington Post | Jillian Berman | Posted 01.04.2012

Bank of America can't seem to catch a break. The bank brought in less than it spent in financial markets -- known as a trading loss -- on 20 days ...

Why Big Banks Are Still Reporting Huge Profits (and What You Can Do)

Tim Chen | Posted 12.20.2011

Tim Chen

Revenue doesn't just materialize out of thin air: people provide it. So, if you don't like the way a bank does business, don't do business with them at all, and don't limit your message to your checking account.

HSBC Heads For $11 Billion Profit As Revamp Takes Shape

Posted 09.30.2011

LONDON (Steve Slater) - HSBC Holdings Plc (HSBA.L: Quote, Profile, Research, Stock Buzz) should unveil a half-year profit of near $11 billion on M...

Even Hurting Banks Are Still Very Profitable

TIME.com | ZACHARY KARABELL | Posted 08.21.2011

The latest out of Wall Street-land is a warning by analysts at Citibank that profits at Goldman Sachs and Morgan Stanley (and to a lesser degree at ot...

Swipe Fees: Didn't "Swipe" Used to Mean "Steal"?

Rick Horowitz | Posted 08.09.2011

Rick Horowitz

Burt Bottomline knows banking. And why shouldn't he? Burt Bottomline has been in banking -- Big Banking -- for years. He's one of Big Banking's big...

William Alden

Bank Profits Soar And Corporate Bonuses Swell As Broader Economy Stagnates

HuffingtonPost.com | William Alden | Posted 07.25.2011

The divide between corporate fortunes and those of ordinary Americans continues to widen, as banks post strong profits and the nation's largest compan...

Shahien Nasiripour

Bank Of America Makes Easy Profits Off Fed While Depositors Get Shortchanged

HuffingtonPost.com | Shahien Nasiripour | Posted 06.21.2011

Households are earning so little from their bank accounts that Bank of America, the largest U.S. lender, has pocketed about twice as much cash this ye...

Shahien Nasiripour

JPMorgan Chase Profit Surges 67 Percent As Lending Slows And Pay Jumps

HuffingtonPost.com | Shahien Nasiripour | Posted 06.13.2011

JPMorgan Chase, the nation's second-biggest bank by assets, exceeded Wall Street's expectations Wednesday, reporting surging profits and higher employ...

Banking Industry Now Breaks Down To 'Have' And 'Have-Nots'

nytimes.com | ERIC DASH | Posted 06.13.2011

Investors will get their best glimpse yet of the new financial landscape -- known as the New Normal in banker-speak -- when JPMorgan Chase begins the ...

JPMorgan Increases Profits By Setting Aside Smaller Rainy Day Fund

Posted 06.13.2011

JNEW YORK (By Claire Baldwin) - JPMorgan Chase & Co posted a 67 percent increase in first-quarter earnings, topping Wall Street expectations, as i...

Yepoka Yeebo

Corporate Profits At All-Time High As Recovery Stumbles

HuffingtonPost.com | Yepoka Yeebo | Posted 05.25.2011

NEW YORK -- Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federa...

Shahien Nasiripour

JPMorgan Chase Profit Skyrockets In 4Q

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

JPMorgan Chase, the nation's second-biggest bank by assets, beat estimates in reporting $4.8 billion in income last quarter, a 47 percent jump, as the...

Shahien Nasiripour

Bank Profits Soar, Lending Falls As Banks Pay Next To Nothing For Funds

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Bank profits jumped 21 percent last quarter to nearly $22 billion, the highest level in three years, as banks put away less money to cover future loss...

Shahien Nasiripour

Bank Profits Skyrocket; Big Banks Lead The Way

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Bank profits soared to their highest level in two years as near-zero interest rates and lower reserves for future losses allowed U.S. banks to book an...

It Doesn't Take an Einstein to Figure Out Whose Pocket Has All The "Change"

Kathleen Reardon | Posted 05.25.2011

Kathleen Reardon

How meaningful is "change" when the very people tasked with leading it are busy gaming our taxpayer money to line the pockets of their friends?

Have You Heard of the Interchange Fee?

Pedro Nava | Posted 05.25.2011

Pedro Nava

Interchange fees cost Americans $48 billion a year.