Wall Street Take-Off: 2012 – 2013
The Bi-Polar World of Rich Bankers in the North Racking Up Record Profits
On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest bank made $6.1 billion in the second quarter up 32% over the year before and expects to make $25 billion in profits in 2013.
Wells Fargo, the fourth largest bank, reaped $5.27 billion up 20%. Citigroup’s profits topped $4.18 billion, up 42% over the previous year.
