The aggregate net profit earned by US banks reached $34.5 bn in Q2 2012. This is a 21% increase (y/y). The increase became possible due to higher quality of assets. However, the profit level was lower than the one seen in Q1 2012.
According to the Federal Deposit Insurance Corporation (FDIC), the prive lending volume increased by $16.6 bn while commercial and industrial lending boosted by $48.9 bn.
Over the same period, the total amount of the money deposited in US banks increased by $61.6 bn (y/y) as opposed to $74.7 bn in Q1 2012. The total amount of US banks that are on the verge of default is now equal to 732.
The charts below, courtesy of , reflect the recent price changes in the stocks of major US banks:
Citigroup
JPMorgan
Goldman Sachs
For reference, since 2000, the total assets of 6 major US banks have tripled up to $9.5 trillion.
