US banks make profit in first quarter of 2019.

Global Banking News-May 30, 2019--US banks make profit in first quarter of 2019

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Global Banking News - 30 May 2019

Commercial banks in the US have made profits in the first quarter of 2019.

It is believed that the firms' profits increased by 8.7 percent in the first quarter of 2019. Profits were largely driven by growth in interest income.

In its quarterly banking profile, the central bank said that federally-insured commercial banks and savings institutions reported aggregate net income of USD60.7bn in the first quarter of 2019. This is an increase from USD4.9bn reported a...

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