The return on equity (ROE) of the United States commercial banking industry grew by more than five percentage points in the first quarter of 2024, the single biggest increase since early 2021. After holding a relatively stable value between 2003 and 2006, the ROE went through a sharp decline due to the financial crisis in 2007. The lowest ROE was measured in the fourth quarter of 2008, at minus 21.87 percent. After 2009, it remained relatively stable, although it did not reach its pre-2007 value. After another sharp decrease during the COVID-19 pandemic, it climbed its way back up to 14.7 percent in the first quarter of 2021. After that, however, the ROE of the U.S. banking industry started to fall again until the third quarter of 2022. As of the first quarter of 2024, the ROE stood at 10.32 percent.
Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024
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New York Fed. (June 21, 2024). Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/
New York Fed. "Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024." Chart. June 21, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/
New York Fed. (2024). Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/
New York Fed. "Return on Equity (Roe) of The U.S. Commercial Banking Industry from 1st Quarter 2003 to 1st Quarter 2024." Statista, Statista Inc., 21 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/
New York Fed, Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/ (last visited September 20, 2024)
Return on equity (ROE) of the U.S. commercial banking industry from 1st quarter 2003 to 1st quarter 2024 [Graph], New York Fed, June 21, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1110550/roe-us-banking-industry-per-quarter/