Yep banks are hurting alright

OntarioVanMan

Retired Expediter
Owner/Operator
Fifth Third, KeyCorp Earnings

Fifth Third and KeyCorp are two regional banks investors should watch in the third and fourth quarters..both expect to show profit after 4 quarters of losses....

Bank Buzz: Fifth Third, KeyCorp Earnings

also just in...HSBC said pretax earnings more than doubled to $11.1 billion in the first half of 2010.
 
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chefdennis

Veteran Expediter
That is totally expected....they aren't lending money...most banks are still holding bailout money and cutting staff and holdings....both of which reflect as profit....

Also take a look the over 100 banks have closed and gone out of business since the 1st of the yr.....The bigger banks are hoarding money and not leanding the small banks are just going belly up....
 
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