- U.S. banks’ aggregate net income increases by 11.9% in the fourth quarter of 2015
Market news
24 February 2016
U.S. banks’ aggregate net income increases by 11.9% in the fourth quarter of 2015
The U.S. Federal Deposit Insurance Corporation (FDIC) said on Tuesday that the U.S. banks' aggregate net income increased by 11.9% year-on-year to $40.8 billion in the fourth quarter. The rise was mainly driven by an increase in net operating revenue and a fall in noninterest expenses.
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