Financial Controls: Largest USA Banks Report Earnings Rebound (Charts) *Net income increases QoQ and YoY*

Thursday, October 27, 2011

Largest USA Banks Report Earnings Rebound (Charts) Net income increases QoQ and YoY

۩ ۩ ۩

Largest USA Banks

Largest USA Banks Report Earnings Rebound

Largest USA Banks Net Income QoQ The 7 Largest USA Banks reported an average +16.70% increase in quarterly net income for the QE 9-30-11, compared to the prior quarter QE 6-30-11. 5 of the 7 banks reported an increase. A significant portion of the aggregate increase was attributable to Bank of America +170.61% QoQ, swinging from a net loss of -$8.83 billion in QE 6-30-11 to a net income of +$6.23 billion in QE 9-30-11.
How the Banks Performed QoQ:
Bank of America +170.61%
Morgan Stanley +84.33%
Citigroup +12.87%
U.S. Bancorp +4.04%
Wells Fargo +2.71%
JPMorgan Chase -21.52%
Goldman Sachs -136.15%

Largest USA Banks Net Income YoY The 7 Largest USA Banks reported an average +252.16% increase in quarterly net income for the QE 9-30-11, compared to the year-ago quarter QE 9-30-10. 5 of the 7 banks reported an increase. A significant portion of the aggregate increase was attributable to Morgan Stanley (not shown on chart below) at +1578.63% YoY, increasing from a net income of $131 million in QE 9-30-10 to a net income of +$2.199 billion in QE 9-30-11. [Morgan Stanley's extreme result is not included on the chart. The result skews the chart and obscures other data.]
How the Banks Performed YoY:
Morgan Stanley +1578.63%
Bank of America +175.32%
Citigroup +73.94%
U.S. Bancorp +40.04%
Wells Fargo +21.44%
JPMorgan Chase -3.53%
Goldman Sachs -120.71%