Not a Record, but $40.8 billion Quarterly Bank Earnings Posted

The FDIC released the quarterly earnings report that shows Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $40.8 billion in the fourth quarter of 2015 with 57% of the 6,182 insured institutions reporting year-over-year growth in quarterly earnings. While merging issues are observed in the report, the overall picture shows improvement. [2/24/16]