The Hill reports:
The Federal Deposit Insurance Corporation (FDIC) revealed that the nation’s 5,406 federally insured banks reeled in $236.7 billion in profits last year, according to the agency’s quarterly banking profile.
Yearly profits increased increased $72. 4 billion from 2017, and the rise includes $28.8 billion more than banks would have kept under the previous tax regime. Bank profits in the fourth quarter of 2018 rose to $59 billion, an $8.1 billion increase from the same period in 2017.
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