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On the Other Hand, the Two Largest Russian Banks Generated Total Pretax Profit of Russian Rubles RR 1,103 Bil in Annual 2017, Up an Exceptional 48% From That in Annual 2016
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The Big 4 US Banks Generated Total Pretax Income of US$63.981 Bil in the First Six Months of 2018, Up 5% From That in the First Six Months of 2017
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Russian VTB Bank Posted Total Pretax Profit of RR 122.6 Bil in the First Six Months of 2018, Up 58% From That in the First Six Months of 2017
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By Far the Largest Russian Bank Sberbank Posted Total Pretax Profit of RR 264.4 Bil in the First Three Months of 2018, Up 27% From That in the First Three Months of 2017. Sberlank Has Not Yet Released Its June 2018 Quarter IFRS Earnings.
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This is Another Reason Why Russia is Being So Active in Its Cyber Attacks Related to the US November 2018 Elections
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From a review of SEC filings and Investor Relation Websites, the below chart shows for the past 18 months reported earnings information for the 4 Largest US Banks and the 2 Largest Russian Banks.
US | US | ||||||
US | US | GAAP | GAAP | ||||
GAAP | GAAP | Pretax | Pretax | ||||
Pretax | Pretax | Income | Income | ||||
Income | Income | From | From | ||||
From | From | Continuing | Continuing | ||||
Continuing | Continuing | % | Operations | Operations | % | ||
Operations | Operations | Change | Six Months | Six Months | Change | ||
Annual | Annual | Better | June | June | Better | ||
2017 | 2016 | (Worse) | 2018 | 2017 | (Worse) | ||
Bils US$s | Bils US$s | Bils US$s | Bils US$s | ||||
Big 4 US Banks | |||||||
JPMorgan Chase | 35.900 | 34.536 | 4% | 21.234 | 18.090 | 17% | |
Bank of America | 29.213 | 25.021 | 17% | 16.892 | 15.441 | 9% | |
Wells Fargo | 27.377 | 32.120 | -15% | 13.820 | 15.997 | -14% | |
Citigroup | 22.761 | 21.477 | 6% | 12.035 | 11.659 | 3% | |
Total all 4 | 115.251 | 113.154 | 2% | 63.981 | 61.187 | 5% | |
IFRS | IFRS | ||||||
IFRS | IFRS | GAAP | GAAP | ||||
GAAP | GAAP | Pretax | Pretax | ||||
Pretax | Pretax | % | Profit | Profit | % | ||
Profit | Profit | Change | Six Months | Six Months | Change | ||
Annual | Annual | Better | June | June | Better | ||
2017 | 2016 | (Worse) | 2018 | 2017 | (Worse) | ||
Bils RRs | Bils RRs | Bils RRs | Bils RRs | ||||
Big 2 Russian Banks | |||||||
Sberbank (1st Quarter in 2018) | 943.200 | 677.500 | 39% | 264.400 | 207.800 | 27% | |
VTB Bank (1st Half in 2018) | 159.700 | 65.500 | 144% | 122.600 | 77.800 | 58% | |
Total of Both | 1,102.900 | 743.000 | 48% |