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U.S. Bank Earnings Rose to a 5-Year High During 1Q

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  • Description

    FBN's Cheryl Casone breaks down mid-afternoon market news.

  • Duration 0:53
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I'm Adam Shapiro did Fox Business -- the number of Americans filing for first time unemployment benefits was little changed last week initial claims dipped slightly.

From the week before 2370000.

But claims have remained below the 400000 mark for nineteen straight weeks.

Demand for durable goods rose less than expected in April a sign factory activity may be losing momentum in the second quarter.

New orders were up two tenths of 1% last month a slight gain from the more than three and a half percent drop in March.

And bank earnings hit a five year high during the first quarter that's according to the FDIC the industry earned more than 35 billion dollars.

Roughly 67% of US banks.

Posted improved earnings the number of banks on the agency's problem list fell for the fourth straight quarter.

That's the latest from the Fox Business Network giving you the power to prosper.

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