Monday, August 28, 2017

US Big 6 Financial Total Earnings Growth Sharply Decelerates in the Most Recent 2Q 2017 ....................................................................................... 2Q 2017 Total Earnings Were Up Only 7% in Trump's First Full Quarter in Office, As Compared To Being Up 24% in the 1Q 2017 and Up 25% in the 4Q 2016, Obama's Last Full Quarter in Office ....................................................................................... It's Easy To See Why JPMorgan Chase CEO Jamie Dimon Is Now So Upset With the US Government

From a review of their company financial statements in the US SEC website, below here are the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Second Calendar Quarters of both 2017 and 2016 for each of the US Big 6 Financial Companies.






Calendar Calendar







2Q 17 2Q 16



Calendar US GAAP US GAAP Net Net


Most
2Q 17 Net Net Income Income
City State Recent
Month Income Income Better Better
US Big 6 Financial HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %











JPMorgan Chase New York NY Dec16
June            7,029            6,200               829 13%
Wells Fargo San Francisco CA Dec16
June            5,848            5,573               275 5%
Banc of America Charlotte NC Dec16
June            5,269            4,783               486 10%
Citigroup New York NY Dec16
June            3,883            4,047             (164) -4%
Goldman Sachs New York NY Dec16
June            1,831            1,822                   9 0%
Morgan Stanley New York NY Dec16
June            1,796            1,650               146 9%










Total all 6




         25,656          24,075            1,581 7%