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U.S. commercial banks - Statistics & Facts

Commercial banks are a cornerstone of business and finance in the United States. Commercial banks cater more to businesses rather than individuals and provide various services, such as accepting deposits, providing loans to businesses, and treasury management to name a few. Although earnings in the banking sector can fluctuate wildly based on the economic climate, annual revenue is projected to reach almost 490 billion dollars by 2021. The leading commercial bank in America is J.P. Morgan Chase, which earned over 142 billion U.S. dollars in revenue in 2019. J.P. Morgan Chase was also the leading issuer of commercial bank cards in that same year.

The number of FDIC-insured commercial banks steadily decreased over the last decade, as of 2019 there were 4,519 in the United States, about 200 fewer than in the previous year. Additionally, the number of new banks charters dropped steeply in the last decade; since 2011 there were less than 30 new FDIC-insured commercial chartered banks. Despite the impact of the 2008 financial crisis, which saw the demise of several banking giants, the pre-tax net operating income of U.S. commercial banks quickly bounced back and overtook pre-recession levels.

As with any bank, one of the most important services offered by commercial banks are loans. As the U.S. economy continues to grow, the demand for loans to start new businesses or expand an existing business will also grow. In October 2020, the value of loans of U.S. commercial banks amounted to over 14.9 trillion dollars, up from about 13.7 trillion in the previous year. Commercial banks also issued about 924 billion U.S. dollars in loans to individuals through credit cards and other related plans in 2019.

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Commercial banking sector

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Loans

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Commercial banks in the United States

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U.S. commercial banks - Statistics & Facts

Commercial banks are a cornerstone of business and finance in the United States. Commercial banks cater more to businesses rather than individuals and provide various services, such as accepting deposits, providing loans to businesses, and treasury management to name a few. Although earnings in the banking sector can fluctuate wildly based on the economic climate, annual revenue is projected to reach almost 490 billion dollars by 2021. The leading commercial bank in America is J.P. Morgan Chase, which earned over 142 billion U.S. dollars in revenue in 2019. J.P. Morgan Chase was also the leading issuer of commercial bank cards in that same year.

The number of FDIC-insured commercial banks steadily decreased over the last decade, as of 2019 there were 4,519 in the United States, about 200 fewer than in the previous year. Additionally, the number of new banks charters dropped steeply in the last decade; since 2011 there were less than 30 new FDIC-insured commercial chartered banks. Despite the impact of the 2008 financial crisis, which saw the demise of several banking giants, the pre-tax net operating income of U.S. commercial banks quickly bounced back and overtook pre-recession levels.

As with any bank, one of the most important services offered by commercial banks are loans. As the U.S. economy continues to grow, the demand for loans to start new businesses or expand an existing business will also grow. In October 2020, the value of loans of U.S. commercial banks amounted to over 14.9 trillion dollars, up from about 13.7 trillion in the previous year. Commercial banks also issued about 924 billion U.S. dollars in loans to individuals through credit cards and other related plans in 2019.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Commercial banks in the U.S.".

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