What Was The Total Size Of Outstanding Domestic And Foreign Loans For The Largest U.S. Banks In Q2 2016?

The 5 largest U.S. banks had almost $3.6 trillion in outstanding loans worldwide over Q2 2016, with more than $3 trillion of these loans being handed out in the U.S. Having emerged strong from the economic downturn of 2008 thanks to its acquisition of Wachovia, Wells Fargo’s strength in the mortgage industry has propelled it to the top of the list of U.S. banks in terms of outstanding loans.

The figures above represent average loans for each bank over Q2 2016 as detailed in their latest SEC filings. The proportion of loans in the U.S. is based on individual disclosures by the banks about non-U.S. loans at the end of the period. The total loans for all U.S.-based commercial banks is as compiled by the FDIC.

The table below focuses on the market share of each of these banks in the U.S. in terms of total loans outstanding in the country.

Notably, Wells Fargo, Bank of America and JPMorgan Chase are together responsible for just under 30% of all outstanding loans in the U.S. – roughly the same as the proportion of total deposits in the country that they hold. Once the largest bank in the world, Citigroup has been forced to slash its mortgage operations in the U.S. and has also been working on reducing its global footprint – something that has severely affected the size of its loan book since the downturn.

The chart below shows Citigroup’s global consumer loan portfolio (excluding credit card balances) over the years and our forecast for it going forward. You can see how changes to this figure affects our price estimate for the bank by modifying the forecast.

See full Trefis analysis for U.S. Bancorp | Wells Fargo | JPMorgan | Bank of America | Citigroup

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