Big banks have been in my too hard pile for the past ten years and I've recently decided to make a go for it, and got stuck instantly. Let me illustrate with JPM. Not just the US banks but I see the same thing for example in bank of China.
Net income 2017 - 2014
23b 23b 23b 20b
owners equity 2017 - 2014
229b 228b 221b 211b
The dividend is half of the net income or less. Did the net income go towards bad debt? Fill up none existent equity? Please use language for a five year old to explain. Thank you very much!
Submitted December 04, 2018 at 08:44PM by everkid https://ift.tt/2QCF3h4
