Two more major U.S. banks say they are making money and lots of it.

A Citibank sign outside of the business, in Woburn, Massachusetts (file photo)Bankinggiant Goldman Sachs Thursday reported $3.2 billion in earnings for thethree-month period that ended in September - better than many analystshad anticipated. And fellow banking giant Citigroup said it saw $101million in profits for its third quarter.

Investors may view theearnings reports as yet another indication that the U.S. economy isstarting to recover. And in a statement issued with the earningsreport, Goldman Sachs' chief executive said there is "evidence ofstabilization, and even growth."

On Wednesday, positive resultsfrom another major U.S. bank, JPMorgan Chase, encouraged investors andhelped push the leading U.S. stock market index - the Dow JonesIndustrial Average - past the 10,000 mark for the first time in about ayear.

Still, there are signs that the banking industry could still face future difficulties.

Both Citigroup and JPMorgan Chase say they are still losing money on bad loans.

Citigroupsaid Thursday its credit division lost $8 billion in the thirdquarter, while JPMorgan Chase said Wednesday that its credit carddivision lost $700 million for the period.

The chairman of the Federal Deposit Insurance Corporation (FDIC) warned Wednesday many banks are still at risk.

Badloans and other problems already have led to almost 100 bank failuresso far this year, and officials say hundreds of the country's 8,200banks are in financial trouble.  


Some information for this report was provided by AP and Reuters.