America’s 9,414 banks and thrifts reported another record-breaking quarter, earning $29.4 billion in the first quarter of 2003, according to Weiss Ratings. This performance beat the previous quarterly profit record of $27.2 billion set in the third quarter of 2002 and was a 15.8 percent improvement over the $25.4 billion profit recorded in the first quarter of 2002. Almost two out of three banks, or 61 percent, posted improved year-over-year earnings during the first quarter.
US Banks Made Record Profits In Q1, Says Weiss Ratings
America's 9,414 banks and thrifts reported another record breaking quarter, earning $29.4 billion in the first quarter of 2003, according to Weiss Ratings. This performance beat the previous quarterly profit record of $27.2 billion set in the third quarter of
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