U.S Banks Post Second-Highest Profit in 23 Years in 2Q 2014

(Wall Street Journal) Banks are lending to companies and individuals at the fastest pace since the financial crisis, helping propel profits to near-record levels.

U.S. banks posted $40.24 billion in net income during the second quarter, the industry's second-highest profit total in at least 23 years, according to data from research firm SNL Financial. The latest profits are just below the record $40.36 billion recorded in the first quarter of 2013. ... Read more...