US Bank Profits Reach 6 Year High
Earnings at US banks rose to a six year high in the third quarter of 2012, with more than half of all banking and financial institutions reporting higher earnings than a year ago, said the Federal Deposit Insurance Corporation on Tuesday.
In the latest sign of economic recovery in the US, banks’ overall revenue rose 3 percent in the third quarter from a year earlier, to $169.9 billion, the largest gain in nearly three years, according to data from the Federal Deposit Insurance Corporation.


