FDIC-Insured Banks' Q2 Earnings Rise, Asset Quality Concerns Linger

The Federal Deposit Insurance Corporation (“FDIC”)-insured commercial banks and savings institutions reported second-quarter 2024 earnings of $71.5 billion, which increased 1.1$10 billion, accounted for a major part of earnings in the June-ended quarter. Though such banks constitute only 3% of the total number of FDIC-insured institutes, these account for approximately 80% of the industry’s earnings. Some notable names in this space are JPMorgan (JPM) , Ba ...