Earnings up from year ago
Banks and thrifts earned $35.3 billion in the third quarter, the FDIC reported. This is an $11.5 billion improvement from the $23.8 billion reported in the third quarter of 2010. This marks the ninth consecutive quarter earnings registered a year-over-year increase. Nearly two-thirds of all institutions reported improvements in quarterly net income from a year ago. The share of institutions reporting net losses for the quarter fell to 14.3 percent, down from 19.5 percent at the same time last year (see chart . . .
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