On Tuesday, the FDIC released its quarterly banking profile, a comprehensive data set that covers more than 7,000 FDIC-insured banks. In the video below, Motley Fool contributor John Maxfield discusses why it appears that banks are safer and more profitable than ever.
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That's what new data from the FDIC suggests.
John Maxfield owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Bank of America
BAC
$47.51
(1.40%)
$0.66
Wells Fargo
WFC
$79.96
(1.13%)
$0.89
U.S. Bancorp
USB
$45.63
(1.81%)
$0.81
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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