4 ms·
You’re claiming banks make 5k in profit for every 1k in deposits. Chase has 2.3 trillion in deposits. Why don’t they have 10+ trillion in annual profits?
by 55555 4y ago
You’re claiming banks make 5k in profit for every 1k in deposits. Chase has 2.3 trillion in deposits. Why don’t they have 10+ trillion in annual profits?
- deleted 4y ago[deleted]
- lowkey 4y agoChase is limited in that they can only lend to well-qualified borrowers who wish to borrow from Chase on terms Chase deems sufficiently profitable. In other words they are limited by the demand for loans by well-qualified borrowers. Well qualified is defined as borrowers with sufficient collatoral, income/debt, and credit history.