The Big 4 US Banks Generated June 2018 Quarter (The Second Month of the Trump Tax Cuts Act) Total Pretax Income (PTI) of $32.134 Bil, an Increase of Only 1% Over Their June 2017 Quarter Total PTI of $31.687 Bil, a Significant Earnings Growth Deceleration From Their 8% 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 all of what are considered the Big 4 US Banks.
|
US |
US |
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|
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 |
|
June Qtr |
June Qtr |
Better |
|
June Qtr |
June Qtr |
Better |
|
March Qtr |
March Qtr |
Better |
|
March Qtr |
March Qtr |
Better |
Big 4 US Bank |
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% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total all 4 |
32,134 |
31,687 |
1% |
|
24,910 |
21,912 |
14% |
|
31,847 |
29,500 |
8% |
|
25,606 |
21,628 |
18% |