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FDIC: Bank Profits Improve from Q2 as Pandemic Persists

FDIC: Bank Profits Improve from Q2 as Pandemic Persists

Posted: Dec 02 2020
FDIC-insured banks and savings institutions earned $51.2 billion in the third quarter of 2020, a 10.7% decline from the year prior, but a significant improvement from the first half of the year, the FDIC reported yesterday in its Quarterly Banking Profile.  The FDIC said that “the banking industry remains well positioned to accommodate loan demand and support the economy.”
 
To read more, visit: https://www.fdic.gov/bank/analytical/qbp/2020sep/qbp.pdf
 

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