Goldman Sachs's return on equity used to average 20-30% before the crisis. Now a decade after the crisis they're glad to be doing more than 10%.

https://i.imgur.com/gtE05WX.png

I’m on mobile so I can’t read the numbers on the excel screenshot you provided but the historic high return on average equity for banks[1] (not including brokerage) was 16.29% in 1999. At last measure it was 11.85%. Dodd-Frank was merely a speed bump. The vast majority of banks have long since recovered from the crisis.

[1] https://fred.stlouisfed.org/series/USROE

That's not a good chart for banks. Their cost of capital is 8-10%, doing 11 or 12% is pretty shitty compared to the pre-crisis era.

And the smaller community banks have less onerous regulations than the big ones. Banks have to be much more capitalized and have less leverage because of Dodd-Frank. That's why the return on equity is mediocre.

While I'm not personally keen on him, Trump's admin rolled back CCAR to every 4 years, for small book every 6. Expect lower regulatory costs.

Whats the app you used to get so much history

FactSet

It isn't right. The majority of banks are profitable, the industry is somewhere around $200B/year of profit (I think that's just retail banking, not including brokerages and stuff).

This is historically high.