The 16 US Financial Corps With Market Caps Above $50 Bil Generated US GAAP March 2018 Quarter Total Pretax Earnings Which Increased By 13% Over Their March 2017 Quarter, Mainly By Sharing Very Little of Their Economic Benefit From US Fed Short-Term Interest Rate Increases With Their Bank Customers ........................................................................................ These 16 US Financial Corps Generated US GAAP March 2018 Quarter Total After-Tax Earnings Which Increased By 24% Over Their March 2017 Quarter, Largely Due To Huge Tax Cuts Bestowed on Them By the Trump Tax Cuts Act ........................................................................................ Consistent With the Trump Tax Cuts Act, These 16 US Financial Corps Posted a March 2018 Quarter Effective Income Tax Rate of 19.3%, Down Sharply From Their March 2017 Quarter Effective Income Tax Rate of 26.2% ........................................................................................ In Other Words, These 16 Financial Companies Got Very Little of Their 1Q 2018 Earnings Growth on Their Own, Instead Nearly All of Their Earnings Growth Came From the US Government Actions From the US Fed Increasing Short-Term Interest Rates and From the Sharp Reduction in Corporate Income Tax Rates In the Trump Tax Cuts Act ........................................................................................ But On The Very Negative Side, With US GDP Growth of Only 2.3% in the 1Q 2018, With Weak 1Q 2018 US Consumer Spending and With The Huge and Growing Annual US Federal Deficits From the Trump Tax Cuts Act, This Shows That the Very Costly Benefits From the Trump Tax Cuts Act Are Not Trickling Down to the Middle and Lower US Economic Classes and That US Income Inequality Continues to Expand Enormously

The following financial information comes from SEC filings:

									US GAAP	US GAAP	US GAAP	US GAAP
		US GAAP				US GAAP			Effective	Effective	Pretax	Net
	US GAAP	Income	US GAAP		US GAAP	Income	US GAAP		Income	Income	Income	Income
	Pretax	Tax	Net		Pretax	Tax	Net		Tax	Tax	% Change	% Change
	Income	Expense	Income		Income	Expense	Income		Rate	Rate	March Qtr	March Qtr
US Financial Company	March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	2018	2018
With Market Caps > $50 Bil	2018	2018	2018		2017	2017	2017		2018	2017	vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
JPMorgan Chase	10,662	1,950	8,712		8,341	1,893	6,448		18.3%	22.7%	28%	35%
Bank of America	8,394	1,476	6,918		7,320	1,983	5,337		17.6%	27.1%	15%	30%
Wells Fargo	7,501	1,374	6,127		7,858	2,133	5,725		18.3%	27.1%	-5%	7%
Citigroup	6,090	1,441	4,649		5,981	1,863	4,118		23.7%	31.1%	2%	13%
Goldman Sachs	3,419	587	2,832		2,539	284	2,255		17.2%	11.2%	35%	26%
Morgan Stanley	3,420	714	2,706		2,808	815	1,993		20.9%	29.0%	22%	36%
American Express	2,082	448	1,634		1,839	588	1,251		21.5%	32.0%	13%	31%
US Bancorp	2,073	391	1,682		2,035	549	1,486		18.9%	27.0%	2%	13%
BlackRock	1,359	265	1,094		1,136	268	868		19.5%	23.6%	20%	26%
Charles Schwab	1,002	219	783		843	279	564		21.9%	33.1%	19%	39%
PNC Financial Services	1,492	253	1,239		1,394	320	1,074		17.0%	23.0%	7%	15%
Bank of New York Mellon	1,444	282	1,162		1,206	269	937		19.5%	22.3%	20%	24%
CME Group	789	190	599		707	307	400		24.1%	43.4%	12%	50%
Total all 16	49,727	9,590	40,137		44,007	11,551	32,456		19.3%	26.2%	13%	24%