U.S. bank saw few loan losses during the quarter
The bank's net income fell to $3.23 billion from $4.91 billion a year ago
The U.S. bank will extend billions in loans to Black and Latino homebuyers and business owners
Few other banks or financial companies had been as insistent about returning workers to the office
Most of the decline is tied directly to the pandemic
The five big Wall Street banks set aside more than $30B in Q2 to cover loans
The move comes as the central bank unveiled its latest stress tests
Several banks announced their profits sank
Morgan Stanley will acquire E-Trade's $360 billion in assets and 5.2 million customers as part of the merger
Wells Fargo was one of the last remaining U.S. big banks to settle charges related to its role in the subprime mortgage crisis