Thursday, October 29, 2026

Top five US banks earn $50 billion in one quarter, nearly half of Nifty50’s annual profit

Date:

access

The five largest US banks generated nearly $50 billion in June-quarter profit, equal to almost half of the Nifty50’s entire FY26 earnings, highlighting the enormous earnings gap between Wall Street’s banking giants and India’s biggest listed companies.

By Yoosef K July 14, 2026, 8:50:32 PM IST (Published)
Top five US banks earn $50 billion in one quarter, nearly half of Nifty50's annual profit

The five largest US banks generated nearly $50 billion in net profit during the June 2026 quarter alone—equivalent to almost half of the Nifty50’s entire FY26 earnings of $107 billion (₹9.5 lakh crore). The comparison underscores the sheer scale of Wall Street’s banking giants and the widening earnings gap with India’s largest listed companies.

Continue Reading with
CNBC-TV18 Access Membership

Priority Access and Networking: CNBC-TV18’s flagship events

Interaction with CNBC-TV18’s journalists

Webinars & LIVE Q&As with India Inc. Leaders

Exclusive CNBC-TV18 studio & newsroom tours

Premium business insights, expert opinions & analysis

Curated lifestyle privileges & offers

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Nvidia chief Jensen Huang reportedly targeted in Chinese spy plot | World News

By Jonathan Swan , Maggie Haberman , Ana Swanson...

Anup Bagchi takes charge at HDFC Bank: Can he close the gap with ICICI Bank?

When Anup Bagchi takes charge as MD and CEO...

RBI Bulletin says Indian economy remains resilient but global risks are rising

India’s economy remains resilient despite a worsening global backdrop,...

12 years of Make in India: What worked, what’s unfinished and what comes next

India has made visible gains in manufacturing over the...