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Some Thoughts, Q3, US, GDP, US economy, Macroeconomics, fx trader, forex 2

There are nearly 6000 banks that are insured by the FDIC.  Their net income rose $5.2 bln to $45.6 bln in Q3, according to FDIC data.  Net interest income rose $10 bln  (9.2% year-over-year) and a $1.2 bln  (1.9%) rise in noninterest income.  More than half the US banks reported year-over-year growth and less than 5% of the banks were unprofitable, which is the lowest percentage since Q3 1997.  The number of banks on the FDIC's "problem list" stands at 132, down from 147 a year ago. Lastly, US banks boosted their loan-loss provisions by a third or $2.9 bln. 

Marc Chandler‚Äč
Global head of currency strategy at BBH
Brown Brothers Harriman

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