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Market share of leading banks in the U.S. 2019, by domestic deposits

Bank of America held the highest share of the United States banking market in 2019 when measured by domestic deposits. At that time, it held 10.6 percent of deposits. The top three banks held roughly 30 percent of the market, while no other bank’s share exceeded five percent.

The U.S. banking industry

The banking industry in the United States accounts for tens of trillions of U.S. dollars in assets under management. While there are thousands of commercial banks in the country, the market is dominated by the largest of these. This is particularly true when considering functions such as private and investment banking, both of which are better handled by larger institutions.

Other measures

This statistic presents the market share of domestic assets, but other measures give a slightly different picture. For example, looking at the value of total assets shows more market share in the hands of the top four firms. Apart from that, revenue of leading commercial banks, can also give a better idea of banks’ financial standing.

Market share of leading banks in the United States in 2019, by value of domestic deposits

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Sources

Release date

February 2020

Region

United States

Survey time period

2019

Supplementary notes

The source adds the following information: "Only includes banks chartered in the U.S."
Market share calculated by Statista using data from FDIC.

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Statistics on "Banking industry in the United States"

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