Sunday, October 15, 2023

Isolating Out the Big Four US Banks, the Other 13 US Banks With Stock Market Caps Above $10 Bil posted Total Bottom Line Economic Losses of $12.3 Bil in the US Meltdown Year of 2008, But Guess What? These Total Economic Losses More Than Doubled to $26.8 Bil in Annual 2022.

Excluding the Big Four US Banks (JPMorgan Chase, Bank of America, Wells Fargo and Citigroup), the other 13 US Banks with Stock Market Caps above $10 Bil and that reported both annual 2022 and annual 2008 financial statements with the SEC incredibly saw their Total Economic Losses more than double, going from annual 2008's $12.305 Bil, the worst year for US Financial Companies during the horrific 2008-2009 US Financial Meltdown, to the US Fed-driven annual 2022's $26.830 Bil Total Economic Losses.

In addition, 6 of these 13 US Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $20.5 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.

From SEC filings, the table below shows this financial information for each of these 13 large US Banks.