NEW YORK ( TheStreet) -- Last week, the Federal Deposit Insurance Corp.'s banking profile for the second quarter of 2012 showed a 12th consecutive quarter of year-over-year earnings gains. The banking system earned $34.5 billion during the quarter on the back of lower loan-loss provisions and higher gains on the sale of loans and other assets.In my opinion, studying this FDIC data is extremely important when evaluating the U.S. economy, as its Quarterly Banking Profile is essentially the balance sheet for GDP.
The Banking System's Slow, Stressful Recovery
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.