What Downturn? Bank Profits Hit $34.5 Billion

Here's something that may (or may not) surprise about you about banks: They're raking in profits like it's 2006.

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    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
  • Gold Mid-Tiers' Q2 2019 Fundamentals
    Thus growing production is the only manageable way to boost revenues, leading to amplified gains in operating cash flows and profits ... 1500 earlier this month to hit 6.3-year secular highs ...
    08/23/2019 - 5:11 pm | View Link
  • The Exclusive Inside Story Of The Fall Of Overstock’s Mad King, Patrick Byrne
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    08/22/2019 - 7:53 am | View Link
  • 15 Large-Cap Stocks Betting Big on M&A
    Dealmaking hit near-record levels last year ... Cigna is guiding for 2021 EPS of $20 to $21, versus standalone EPS of $18. Bank of America Merrill Lynch analyst Kevin Fishbeck named Cigna one of his ...
    08/21/2019 - 11:02 pm | View Link
  • General Electric Under Attack and the Latest Fed Worries
    If you look at, say, Bank of America, you only have to go back to 2017 to find the same valuation. In JPMorgan's case, they hit their current price to book back in 2018. Wells Fargo is trading at its ...
    08/20/2019 - 5:00 pm | View Link
  • The Finance 202: Corporate critics cautiously optimistic about new CEO mission statement
    23 Texas towns hit by ransomware ... Some current and former Fed officials worry that the central bank and its fellow regulators are giving large banks, which are making big profits, an unnecessary ...
    08/20/2019 - 1:43 am | View Link
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