The 9 Largest US Banking Companies Total Pretax Earnings Dropped Precipitously in the Two Most Recent Quarters ..... Down By 89% in the 2Q 2020 and Down By 67% in the 1Q 2020, After Experiencing Pre-Covid-19 Declines of 5% in the 4Q 2019 and of 7% in the 3Q 2019. Overall, Just Disastrous Financial Results By These 9 Largest US Banks. If Not For the Massive US Big Bank Bailouts in the Extremely Expensive CARES Act and By the US Fed, At Least Several of These 9 Big US Banks and Numerous Smaller-Sized Banks Would Have Filed For Chapter 11 Bankruptcy.

From a review of Company SEC filings and Google Finance, I found 9 US Banking Companies which had a stock market cap of more than $20 bil recently.  I excluded two Banks which received the majority of their earnings from asset servicing, clearing and other fees.

The table below shows the Gold-Standard US GAAP Pretax Earnings (Losses) From Continuing Operations for the second and first quarters of both 2020 and 2019 and for the fourth and third quarters of both 2019 and 2018 for each of these 9 largest US Banks.

		US	US		US	US		US	US		US	US
		GAAP	GAAP		GAAP	GAAP		GAAP	GAAP		GAAP	GAAP
		Pretax	Pretax		Pretax	Pretax		Pretax	Pretax		Pretax	Pretax
		Income	Income		Income	Income		Income	Income		Income	Income
		(Loss)	(Loss)		(Loss)	(Loss)		(Loss)	(Loss)		(Loss)	(Loss)
		Second	Second		First	First		Fourth	Fourth		Third	Third
US Largest Banks	State	Quarter	Quarter		Quarter	Quarter		Quarter	Quarter		Quarter	Quarter
Stock Market Cap Above $20 Bil	HQs	2020	2019		2020	2019		2019	2018		2019	2018
		mils $	mils $		mils $	mils $		mils $	mils $		mils $	mils $
JPMorgan Chase	NY	5,565	11,342		3,116	11,233		10,565	8,841		11,405	10,689
Bank of America	NC	3,799	8,959		4,531	8,767		8,169	8,698		6,859	8,994
Citigroup	NY	1,448	6,165		3,110	6,012		5,702	5,306		6,022	6,104
Wells Fargo	CA	(6,249)	7,632		664	6,848		3,602	7,120		6,116	7,598
American Express	NY	622	2,219		452	1,958		1,986	1,831		2,266	2,118
US Bancorp	MN	759	2,277		1,439	2,086		1,847	2,153		2,384	2,282
Truist Financial Corp	NC	1,149	1,119		1,287	975		879	1,010		1,046	1,049
PNC Financial Services	PA	(902)	1,424		1,060	1,519		1,626	1,615		1,687	1,661
Capital One Financial	VA	(1,460)	2,003		(1,903)	1,719		1,448	1,253		1,704	1,921
Totals all 9 Largest US Banks		4,731	43,140		13,756	41,117		35,824	37,827		39,489	42,416
% Change vs Prior Year Quarter		-89%			-67%			-5%			-7%