US banks show record profits.

A number of American banks significantly increased their profits in 2016, according to data reported by news agencies on Friday.
Moreover, the growth amounted to several billion dollars compared to last year, with profits coming mainly from large financial institutions such as:

JPMorgan Chase – America's largest bank's profit for 2016 amounted to $24.7 billion. In relative terms, profit increased by 1.2%.

The bank's main income came from traditional banking operations and its investment activities.

Bank of America – showed even greater growth, with operating profitability growing by as much as 13% in 2016, reaching $17.9 billion.

The fourth quarter of 2016 was particularly successful for financial institutions, thanks in no small part to the record growth in the share prices of American companies in which most banks invest.

On Monday, the forex market and stock exchange are expected to react with an increase in the US dollar exchange rate and the price of banking sector shares.