Bank earnings rose sharply in the fourth quarter, the 17th straight quarterly year-over-year increase and showing strong a string of profitability since 2009. Banks’ fourth quarter net up staggering $40.3 billion Banks and savings and loans insured by the Federal Deposit Insurance Corporation (FDIC) earned a staggering $40.3 billion in the fourth quarter of 2013, up nearly 17% from a year ago, according to the FDIC. Net income for 2013 was up 9.6% to $154 billion year over year. More than 50 percent of the FDIC insured financial institutions reported a year-over-year growth in quarterly earnings, as the portion of…
Bank Profits Continue To Roll, But Undercurrents Exist
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.