U.S. banks log most profitable quarter ever

• Despite an increasing regulatory burden and lackluster share performance, the U.S. banking industry just logged its most profitable quarter ever, according to figures from SNL Financial and S&P Global Market Intelligence.
• Earnings for the three-month period totaled $43.6B, compared to the $43.01B in Q2 of 2015, a 1.4% beat.
• On a sequential basis, the April-to-June period topped the previous quarter by $4.56B, an 11.7% rise.
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