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Bank profits reached a 6-year high of $37.6B in Q3, according to the FDIC, but for the first...

Bank profits reached a 6-year high of $37.6B in Q3, according to the FDIC, but for the first time since the crisis, the better earnings were more about operations and less about reduced loan-loss reserves (chart).
Comments (5)
  • june1234
    , contributor
    Comments (2550) | Send Message
     
    What I want to know with bank profits so high why are all these super-banks stocks (with the exception of JP Morgan) like Citi and BAC sitting at 20% of where they were before 08
    4 Dec 2012, 12:53 PM Reply Like
  • Mark Kowalski
    , contributor
    Comments (138) | Send Message
     
    I think its fair to say a combination of outstanding litigation risks and 2008 was a bubble. The current levels seem to be fair prices for these stocks.
    4 Dec 2012, 01:19 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2499) | Send Message
     
    Because shares outstanding have increased drastically, and ROE is down.
    4 Dec 2012, 02:28 PM Reply Like
  • ECWD
    , contributor
    Comments (7) | Send Message
     
    Banks are being allowed to recapitalize, put aside funds for reserve now highest in history. Similar to the Saving&Loan situation in the 1980's. The economy can not progress without the financial, banks
    doing well. When they are allowed to lend, without all the restrictions, they will do very well. Hold on, dollar down, take profit, reinvest. YOU WILL BE GLAD YOU DID.
    4 Dec 2012, 02:28 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (1899) | Send Message
     
    Banks are sittin' on a mountain of cash, waiting for the right market, and we should be doin' the same, less'n u like loozin'.
    Capt. Brian
    The Lost Navigator
    4 Dec 2012, 03:01 PM Reply Like
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