Wuerth While Wily Wakenings: The Big Four US Banks Posted Total Smoothed Net Income of $92.9 Bil in Annual 2022. But Not Included in 2022 Net Income Was Their After-Tax Economic Losses of $33.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Available-For-Sale Debt Investment Securities. But Much More Importantly, Also Not Included in 2022 Net Income Was Their Pre-tax Economic Losses of a Massive $201.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Held-to-Maturity Debt Investment Securities.

Wednesday, October 25, 2023

The Big Four US Banks Posted Total Smoothed Net Income of $92.9 Bil in Annual 2022. But Not Included in 2022 Net Income Was Their After-Tax Economic Losses of $33.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Available-For-Sale Debt Investment Securities. But Much More Importantly, Also Not Included in 2022 Net Income Was Their Pre-tax Economic Losses of a Massive $201.7 Bil From the Annual 2022 Decline in the Fair Market Value of Their Held-to-Maturity Debt Investment Securities.

From their SEC filings, the table below shows the Audited Smoothed Net Income in annual 2022 and also their huge Economic Losses from the annual 2022 decline in the Fair Market Values of both their Available-For-Sale and their Held-to-Maturity Debt Investment Securities of each of what are considered to be the Big Four US Banks ..... JPMorgan Chase, Bank of America, Wells Fargo and Citigroup.