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KM Financial Solutions | UPDATE 1-U.S. banks’ quarterly profit jumps 27.5 percent on lower tax rate -FDIC
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UPDATE 1-U.S. banks’ quarterly profit jumps 27.5 percent on lower tax rate -FDIC

21 May UPDATE 1-U.S. banks’ quarterly profit jumps 27.5 percent on lower tax rate -FDIC

Posted at 14:45h in News by
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WASHINGTON, May 22 (Reuters) – U.S. banks reported $56
billion in profits in the first quarter, up 27.5 percent from a
year earlier, as institutions began to take advantage of a lower
effective tax rate, the Federal Deposit Insurance Corporation
(FDIC) reported Tuesday.

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