How Much In Domestic And Foreign Deposits Did The Largest U.S. Banks Hold In Q2 2016?

September 6th, 2016 by Trefis Team
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The 5 largest U.S. banks held more than $5 trillion in deposits worldwide over Q2 2016, with more than $4 trillion of these deposits being in the U.S. While JPMorgan has the largest overall deposit base among U.S. banks, Bank of America and Wells Fargo are tied for the top spot in terms of total U.S. deposits.

CB_QA_Deposits_16Q2

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

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

CB_QA_DepositsUSShare_16Q2

Notably, Wells Fargo, Bank of America and JPMorgan Chase together hold roughly 30% of all deposits in the U.S. – reflecting the sheer size of these banking giants. Although Citigroup also has a comparable deposit base globally, the bank’s more geographically diversified business model holds more deposits in foreign branches than it does in the U.S.

The chart below shows Wells Fargo’s total deposit base over the years and our forecast for the same. 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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