Increased Bank Profits Mainly Due to Lower Loan Loss Provisions – When Will Real Profits Increase?

On the surface the latest FDIC Quarterly Banking Profile reflects a recovering banking industry with robust profit growth.  For the fourth quarter of 2013 banks collectively reported net income of $40.3 billion which is a $5.8 billion or 16.9% increase from the previous year’s fourth quarter. Making the picture look even brighter is the fact […]