NEW YORK, NY--(Marketwire - Mar 8, 2013) - The U.S. Banking Industry has benefited from a slowly, but steadily improving economy over the past few years. Recent data has shown that U.S. banks posted their second highest earnings on record in 2012. The SPDR KBW Bank ETF (KBE) and the SPDR KBW Regional Banking ETF (KRE) over the past year have posted gains of 20 percent and 17 percent, respectively. Five Star Equities examines the outlook for companies in the Banking Industry and provides equity research on BB&T Corporation (
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The Federal Deposit Insurance Corp. reported that 2012 full year earnings for U.S. banks totaled $141.3 billion, an increase of $22.9 billion (19.3 percent) when compared to a year ago. Earnings for U.S. banks reached their peak in 2006 with $145.2 billion. The earnings growth in 2012 was largely attributed to a decrease in capital set aside for loan losses, the FDIC stated. Earnings for the fourth quarter grew 36.9 percent year-over-year to $34.7 billion.
On Thursday the Federal Reserve releases results of stress tests that showed that 17 of the 18 big banks would survive a severe recession -- Ally Financial Inc. was the only exception. U.S. banks are expected to announce possible dividend increases/share buy backs sometime next week.
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BB&T, with $183.9 billion in assets as of Dec. 31, 2012, operates 1,832 financial centers in 12 states and Washington, D.C. The company currently offers investors an annual dividend of $0.92 a share for a dividend yield of approximately 2.96 percent. BB&T has announced they will releases first-quarter 2013 earnings before market open on April 18th, 2013.
PNC Financial Services provides deposit, lending, cash management and investment services to more than 5 million consumer and small business customers across 19 states and the District of Columbia. The company currently offers investors an annual dividend of $1.60 a share for dividend of approximately 2.47 percent. PNC has announced they will release results for the first quarter 2013 on April 23rd.
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