Chart: The Big 6 banks have posted losses in each of the past six months.
But the big six banks’ profitability is on the rise, according to a new Bloomberg survey.
The survey found that the top six banks have a profit margin of 19% compared with 18% for the bottom six.
The chart shows the percentage of banks’ earnings from sales.
The chart also shows that the number of transactions per bank has fallen, from 3,976 transactions per day in January to 2,878 in July.
More: The median bank now has 2.76 billion customers, up from 1.77 billion in December.
“In the last year, the bank’s share of global market has been growing at a strong clip,” Bloomberg’s Andrew Seltzer said.
“The bottom six banks are growing at the same pace as the top four.”
The survey, which was conducted by the bank, was done in August and surveyed more than 400,000 U.S. consumers.
The companies with the biggest financial hits include Wells Fargo (WFC), Bank of America (BAC) and Citigroup (C).
“The banking industry has been on a tear, with growth in retail, commercial and institutional banking, but the top banks are also seeing a rise in losses,” Bloomberg analyst Robert Hetzel said.
In the fourth quarter of 2016, Wells Fargo, Bank of the Americas and Citibank reported record profits, while Wells Fargo lost $2.3 billion on revenue of $3.2 billion, Bank America lost $1.4 billion on sales of $2 billion and Citicorp lost $0.4 bn on revenue.