Friday, July 9, 2010

UPDATED: "Oh it's Good to be a Bank: Net Interest Margin Highest Since 2002" (BAC; C; JPM; WFC)

See also December '08's "Mom, Ben Bernanke Likes Bankers Better than He Likes You".
April '09's "Free Money Good for Bank Earnings, says Faber"
 "Goldman Sachs’s Tax Rate Drops to 1%, or $14 Million"
And today's "Citigroup Inc. Stock Poised For Breakout" (C)"

Original post:

St. Louis Fed via Carpe Diem:

Click to enlarge

The net interest margin margin for all U.S. banks of 3.82% in the first quarter of 2009 is the highest since the fourth quarter of 2002.