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U.S. banking industry - statistics & facts

The United States is home to some of the most important financial institutions in the world. The four key players in the banking industry in the country are JPMorgan Chase, Bank of America, Wells Fargo and Citibank. These four banks are also among the top seven of the world’s largest banks by market capitalization, with JPMorgan Chase being the most valuable one, followed by Bank of America as the second.

The key players

JPMorgan Chase & Company was founded in 2000 and is both a commercial and investment bank. On top of being the most valuable bank in the world, it is also the largest in the United States in terms of total assets, in terms of total revenues, in terms of net income, and several other financial indicators. Bank of America follows JPMorgan Chase as the second largest bank in in the country, but one of the measures where Bank of America takes the lead is by market share of domestic deposits. The bank held around 10.6 percent of the total value of domestic deposits in 2019.

Impact of coronavirus on the banking industry

The outbreak of the novel coronavirus (COVID-19) impacted the global financial markets severely during 2020. It triggered significant drops in stock market indices in the United States during the spring, as with the rest of the world. The market capitalization of JPMorgan Chase fell from around 415 billion U.S. dollars in January 2020 down to around 274 billion U.S. dollars in March that same year.

Key figures

The most important key figures provide you with a compact summary of the topic of "Banking industry in the U.S." and take you straight to the corresponding statistics.

Rankings of U.S. banks

Financial outcomes of U.S. banks

Ranking of U.S. banks internationally

Interesting statistics

In the following 7 chapters, you will quickly find the 37 most important statistics relating to "Banking industry in the U.S.".

Banking industry in the United States

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U.S. banking industry - statistics & facts

The United States is home to some of the most important financial institutions in the world. The four key players in the banking industry in the country are JPMorgan Chase, Bank of America, Wells Fargo and Citibank. These four banks are also among the top seven of the world’s largest banks by market capitalization, with JPMorgan Chase being the most valuable one, followed by Bank of America as the second.

The key players

JPMorgan Chase & Company was founded in 2000 and is both a commercial and investment bank. On top of being the most valuable bank in the world, it is also the largest in the United States in terms of total assets, in terms of total revenues, in terms of net income, and several other financial indicators. Bank of America follows JPMorgan Chase as the second largest bank in in the country, but one of the measures where Bank of America takes the lead is by market share of domestic deposits. The bank held around 10.6 percent of the total value of domestic deposits in 2019.

Impact of coronavirus on the banking industry

The outbreak of the novel coronavirus (COVID-19) impacted the global financial markets severely during 2020. It triggered significant drops in stock market indices in the United States during the spring, as with the rest of the world. The market capitalization of JPMorgan Chase fell from around 415 billion U.S. dollars in January 2020 down to around 274 billion U.S. dollars in March that same year.

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