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U.S. banks profit from higher rates, more loans and lower costs

Reuters Friday, 12 October 2018 ()
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday.
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News video: How U.S. Banks Profit

▶ How U.S. Banks Profit 00:45

According to Reuters, The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday. The results reflected an array of positive business factors for banks. Their net interest margins - the...

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