How Much Of Total U.S. Deposits Are Held By The 5 Largest U.S. Banks?
The 5 largest U.S. banks hold more than 35% of all deposits in the U.S., with the top 3 banks (Bank of America, JPMorgan Chase and Wells Fargo) individually accounting for ~10% each.
Details about the total domestic and foreign deposit base of each of these banks can be found here.
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment/ ask questions on the comment section
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to the full Trefis analysis for U.S. Bancorp | Wells Fargo | JPMorgan | Bank of America | Citigroup
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