9/16/2023 0 Comments My home makeover design answersYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.īanks have been consistently striving to reap profits and are consequently boosting productivity. Bancorp USB.Īll the above mentioned banks carry a Zacks Rank #3 (Hold). WFC, Bank of America Corporation BAC, Citigroup Inc. Leading names in this space include Wells Fargo & Co. banks, these accounted for approximately 80% of the industry’s earnings. Though such banks constitute only 1.8% of the total number of the U.S. However, on the other hand, expenses flared up.īanks, with assets worth more than $10 billion, contributed a major part of the earnings in the reported quarter. Moreover, improved trading revenue remained another positive. Notably, community banks, constituting 92% of all FDIC-insured institutions, reported net income of $5.6 billion, up 10.4% year over year.īanks’ earnings were driven by higher revenues, loan growth and lower loan-loss provisions. Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported first-quarter 2017 earnings of $44 billion, up 12.7% year over year.
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