There were three other US Big National/Regional Bank Corps with After-tax Earnings of more than $1 bil in either the 2Q 2013 or the 2Q 2012.
These three US Big National/Regional Banks generated 2Q 2013 Total Earnings which increased by a massive 80% over the 2Q 2012, double the 40% Total Earnings increase of the US Big Six Financial Corps. Whew!
This bifurcation between the 2Q 2013 earnings growth of the US Big Financial Industry and the rest of Corporate America is just massive. This is taking the US towards what existed before the 2008 financial bubble, where the Earnings of the US Big Financial Corps comprised a very significant portion of the Total Earnings of all of Corporate America. This is a very bad development, being triggered by the substantial propping up of the US Big Financial Industry by the US Congress, which is under effective control to a large extent by the Big Financial Industry, and by US Fed action, which has overwhelmingly benefited the Big Financial Industry and the wealthy.
Below here are the earnings of these three US Big National/Regional Bank Corps for the 2Q 2013 and for the comparable 2Q 2012:
|2Q 2013||2Q 2012|
|mil $s||mil $s||Amount||%|
|US Big National/Regional Banks|
|Capital One Financial||1,236||193||1,043||540%|
|Total all 3||3,803||2,117||1,686||80%|