With third-quarter earnings season winding down for the nation's biggest banks, investors can now get a sense for how companies like US Bancorp (NYSE:USB), Wells Fargo (NYSE:WFC), and JPMorgan Chase (NYSE:JPM) stacked up against their peers in the three months ended Sept. 30.
As you'll see in the slideshow below, the answer for these three banks was: quite good. Building on past successes, US Bancorp, Wells Fargo, and JPMorgan Chase were the most profitable big banks in the country last quarter, when measured by return on average common equity (ROACE). The benchmark to keep in mind in this regard is 10%, which equates to the typical bank's cost of capital. If a firm's ROACE exceeds this, as US Bancorp, Wells Fargo, and JPMorgan Chase all successfully did, then it is said to have created value for shareholders. Come up short, however, and value is destroyed.
To discover the other two most profitable big banks in America, simply scroll through the short slideshow below.