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Sunday, February 19, 2012

Largest USA Banks Quarterly Net Income Drops

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Largest USA Banks Net Income Drops The 9 Largest USA Banks reported aggregate quarterly net income of $14.08 billion for the QE 12-31-11, which is the second lowest in the 5 quarters reviewed. This is a significant drop of -$8.82 billion and -39% from the prior QE 9-30-11. Bank of America and Citigroup reported the largest decreases. Goldman Sachs reported the largest increase.

Largest USA Banks Return on Assets Dip The 9 Largest USA Banks reported an average return on assets of 0.81% for the QE 12-31-11, which is the fourth lowest in the 5 quarters reviewed. This is a small decrease -0.04% from the prior QE 9-30-11. Goldman Sachs, Morgan Stanley, and PNC Financial Services reported the largest decreases. Bank of America reported the largest increase.

Largest USA Banks by Quarterly Net Income The Billion Dollar Club: Wells Fargo is #1 at $4.11 billion. JPMorgan Chase is #2 at $3.73 billion followed by volatile Bank of America with $1.99 billion. U.S. Bancorp, Citigroup, and Goldman Sachs are #4, #5, and #6 at $1.35 billion, $1.17 billion, and $1.01 billion, respectively. Next are PNC Financial Services $493 million and Bank of New York Mellon $478 million. Morgan Stanley is last and #9 with a net loss of -$250 million.



Largest USA Banks by Return on Assets The 1%+ Club: U.S. Bancorp continues leading at 1.51%, followed by Wells Fargo at 1.24% and PNC Financial Services at 1.16%. Bank of New York Mellon 0.88% and JPMorgan Chase 0.85% are #4 and #5, respectively. Next are #6 Citigroup 0.59%, #7 Morgan Stanley 0.51%, and #8 Goldman Sachs 0.48%. Finally Bank of America continues at #9 with an "improved" 0.06%, a 6-quarter high. This is the first positive ROA for Bank of America since the QE 6-30-10.



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