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U.S. banks profitability after the 2007/2008 crisis

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  • Marco Bulhões Cecilio

Abstract

This paper aims to evaluate the profitability of the major American banks after the crisis of 2007/2008, as well as to seek preliminary explanations to the results found. To do so, it assesses the historical data from 1932 until 2015. The results show that the share of total profits in the American economy captured by the financial sector has reduced compared to the peak of the last decade but is still at a higher level than the post-war baseline. The evidence points to the decrease of leverage by regulatory pressure as the main cause of the reduction. JEL Classification: E01; G21; N22

Suggested Citation

  • Marco Bulhões Cecilio, 2018. "U.S. banks profitability after the 2007/2008 crisis," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(3), pages 414-433.
    • Handle: RePEc:ekm:repojs:v:38:y:2018:i:3:p:414-433:id:80
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    More about this item

    Keywords

    profitability; 2007-2008 crisis; banks; sell side; Financial sector;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-

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