AP News

News Summary: US bank earnings up 21 percent in Q2

CASHING IN: U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased. That adds to evidence that the industry is strengthening four years after the financial crisis.

STEADIER FOOTING: The number of troubled banks fell for the fifth straight quarter, to 732 from 772 in the January-March period.

LENDING A HAND: About 63 percent of U.S. banks reported better earnings in the second quarter as they were able to set aside less for losses on loans. Bank loans to consumers increased in most categories, including credit card loans and home mortgages. That reversed a first-quarter decline.

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