US banks show record profits.

At the end of 2016, a number of American banks significantly increased their profits, such data was reported to news agencies on Friday.
Moreover, the growth amounted to several billion dollars compared to last year, mainly large financial institutions such as:

JPMorgan Chase – the profit of the largest bank in America at the end of 2016 amounted to 24.7 billion US dollars. In relative terms, profit increased by 1.2%.

The bank's main income was income from classical banking operations and its investment activities.

Bank of America – showed even greater growth; in 2016, the profitability of operations increased by as much as 13% and amounted to $17.9 billion.

The fourth quarter of 2016 was particularly successful for financial institutions, largely due to the record growth in the value of shares of American enterprises, in which most banks invest.

It is expected that on Monday the forex market and stock exchange will react with an increase in the US dollar and the price of shares in the banking sector.