NEW YORK, NY--(Marketwire - Mar 11, 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 JPMorgan Chase & Co. (
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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.
Last 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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JPMorgan Chase & Co. currently offers investors an annual dividend of $1.20 a share, for a dividend yield of approximately 2.40 percent. The company's shares have increase roughly 22 percent in the past year. The Financial Times recently reported that JPMorgan will request approval for a share buyback program which is approximately 50 percent the size of last years.
Morgan Stanley currently offers investors an annual dividend of $0.20 a share for a dividend yield of approximately 0.87 percent. Shares of the company have gained roughly 25 percent over the past year. Morgan Stanley has increased its Q3 Tier 1 common ratio to 13.9 percent in 2012, an increase of 190 basis points.
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