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Bank profits nearly return to pre-crisis peak

Published 07/21/2017, 10:07 AM
© Reuters.  Bank profits nearly return to pre-crisis peak
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  • The country's ten largest banks combined to make $30B in Q2, just shy of the record hit in Q2 of 2007. What followed that record was financial collapse. The question at hand today: What's next?
  • To champions of the post-crisis regulatory regime (Bloomberg drags Barney Frank out for a quote), the return to records means complaints about strangling new rules don't hold water.
  • To others who believe profits returning to decade-ago levels is not necessarily cause for celebration (Jamie Dimon a particularly loud example), they continue to push for the Trump administration to lead a backing off of the regulatory state.
  • ETFs: XLF, FAS, FAZ, VFH, UYG, IYF, FNCL, BTO, IYG, FXO, SEF, RYF, FINU, XLFS, FINZ, RWW, FAZZ, JHMF, FNCF
  • Now read: Pair Trade For The 2nd Half? Long Oil, Short Financials


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