WASHINGTON — Detecting trends using data on the overall financial services industry is a tricky business, in part because the actions of the largest banks have a way of distorting the results for everyone else.

When JPMorgan Chase changes its projection for the bank's legal expenses, industry income moves by billions of dollars. Fee increases at the biggest banks can boost overall noninterest income but mask loan growth for community banks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.