Thursday, July 26, 2018

The 21 Largest Predominately Traditional US Bank Corps Generated June 2018 Quarter (The Second Month of the Trump Tax Cuts Act) Total Pretax Income (PTI) of $45.284 Bil, an Increase of 4.5% Over Their June 2017 Quarter Total PTI of $43.329 Bil, a Significant Earnings Growth Deceleration From Their 11.9% Total PTI Increase in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations and the US GAAP After-Tax Net Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 21 Predominately Traditional US Bank Corps With Stock Market Caps of More Than $10 Bil in April 2018.

US US US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Net Net Pretax Pretax Net Net
Income Income % Income Income % Income Income % Income Income %
(Loss) (Loss) Change (Loss) (Loss) Change (Loss) (Loss) Change (Loss) (Loss) Change
US Traditional Bank Co June Qtr June Qtr Better June Qtr June Qtr Better March Qtr March Qtr Better March Qtr March Qtr Better
Market Caps Above $10 Bil 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse)
mils $ mils $ mils $ mils $ mils $ mils $ mils $ mils $
JPMorgan Chase     10,572       9,749 8%       8,316       7,029 18%     10,662       8,341 28%       8,712       6,448 35%
Bank of America       8,498       8,121 5%       6,784       5,106 33%       8,394       7,320 15%       6,918       5,337 30%
Wells Fargo       7,119       8,139 -13%       5,309       5,894 -10%       6,701       7,858 -15%       5,327       5,725 -7%
Citigroup       5,945       5,678 5%       4,501       3,883 16%       6,090       5,981 2%       4,649       4,118 13%
US Bancorp       2,199       2,063 7%       1,758       1,512 16%       2,044       1,985 3%       1,682       1,486 13%
PNC Financial Services       1,660       1,483 12%       1,356       1,097 24%       1,492       1,394 7%       1,239       1,074 15%
Bank of New York Mellon       1,394       1,308 7%       1,108          976 14%       1,444       1,206 20%       1,162          937 24%
BB&T Corp       1,024          978 5%          822          674 22%          977          530 84%          791          426 86%
SunTrust Banks          895          752 19%          724          530 37%          792          629 26%          645          470 37%
State Street Corp          865          776 11%          734          620 18%          763          584 31%          661          502 32%
Fifth Third Bancorp          693          494 40%          586          367 60%          836          396 111%          704          305 131%
M&T Bank Corp          655          596 10%          493          381 29%          458          518 -12%          353          349 1%
KeyCorp          582          565 3%          479          407 18%          478          419 14%          416          325 28%
Citizens Financial Group          549          462 19%          425          318 34%          501          434 15%          388          320 21%
Northern Trust          507          391 30%          390          268 46%          484          391 24%          382          276 38%
Regions Financial          467          449 4%          378          316 20%          542          420 29%          414          293 41%
Comerica          419          302 39%          326          203 61%          335          268 25%          281          202 39%
Huntington Bancorp          412          351 17%          355          272 31%          385          267 44%          326          208 57%
SVB Financial Group          324          204 59%          247          133 86%          282          159 77%          208          108 93%
Zions Bancorp          253          248 2%          197          168 17%          308          184 67%          238          139 71%
First Republic Bank          252          220 15%          210          187 12%          246          214 15%          199          177 12%
Total all 21     45,284     43,329 4.5%     35,498     30,341 17%     44,214     39,498 11.9%     35,695     29,225 22%