Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 5.6 % over the past five years, to reach an estimated $1.4tr in 2024.
Trends and Insights
The Federal Reserve cuts interest rates as inflation eases
- The enduring supply chain complications and the worldwide energy crisis have contributed to a historical peak in inflation rates. In response to these economic concerns, the Federal Reserve took action in 2022 by increasing interest rates, a stark shift from the record-low rates established as a reaction to the pandemic.
- Additional trends and insights available with purchase
Source: Alfabank-Adres
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
The Federal Reserve will continue to cut interest rates as inflation has eased
- As inflation has eased in the latter part of the current period, the FED is anticipated to cut interest rates further in the outlook period in an effort to stimulate the economy.
Biggest companies in the Commercial Banking in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Citigroup inc. | 90,155.5 | 25,485.0 | 28.3 | |
Jpmorgan Chase & Co | 66,792.5 | 26,028.6 | 39.0 | |
Wells Fargo & Company | 53,284.7 | 16,212.9 | 30.4 |
To view the market share and analysis for all 12 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: Alfabank-Adres
Industry revenue is measured across several distinct product and services lines, including Depository services and other noninterest-income generating products, Real estate loans and Loans to individuals excluding credit cards. Depository services and other noninterest-income generating products is the largest segment of the Commercial Banking in the US.
Trends and Insights
Real estate loans are being affected by interest rate hikes
- This category includes all mortgage products for retail consumers, including loans secured by refinancing activity and lease financing and receivables.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Commercial Banking industry comprises banks that provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks accept deposits from customers, which are used as sources of funding for loans. Banks in this industry are regulated by the Office of the Comptroller of the Currency.
What's included in this industry?
Receiving deposits from customersIssuing consumer, commercial and industrial loansCompanies
Citigroup inc.Jpmorgan Chase & CoWells Fargo & CompanyPurchase this report to view all 12 major companies in this industry.
Related Terms
LOAN AND LEASE LOSS PROVISIONWRITE-DOWNWARRANTSUBPRIME MORTGAGELOAN DEFAULTGENERATION YIndustry Code
NAICS 52211 - Commercial Banking in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Exuberance in the real estate market increased revenue for Commercial Banks. Low interest rates, until recently, made it cheap and easy to buy homes.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The retail market increased in numbers. Intuitive smartphone apps, along with increased access to services, makes it easy for new customers.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Commercial Banks are in proximity to large population regions. The size of the population affects the size of the retail market.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The subprime mortgage crisis caused significant merger and acquisition activity. The crisis is still affecting the industry to this day.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major companies are adapting to higher interest rates and less liquidity. After nearly 15 years of quantities easing, the Federal Reserve is reducing its balance sheet to hel...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Citigroup inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Jpmorgan Chase & Co's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Wells Fargo & Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 9 additional companies
Detailed analysis
- Description and key data for Citigroup inc., and factors influencing its performance in the industry
- Description and key data for Jpmorgan Chase & Co, and factors influencing its performance in the industry
- Description and key data for Wells Fargo & Company, and factors influencing its performance in the industry
- Description, key data and performance trends for 9 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation is still heavily influenced by both the Great Depression and Great Recession. The government wants to ensure economic crises don’t arise again.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Banks reduced loan loss reserves due to the stimulus checks and low interest rates in response to the COVID-19 pandemic. Lower loan loss reserves led to higher profit.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Commercial Banking in the US industry in United States in 2024?
The market size of the Commercial Banking in the US industry in United States is $1.4tr in 2024.
How many businesses are there in the Commercial Banking in the US industry in 2024?
There are 4,867 businesses in the Commercial Banking in the US industry in United States, which has grown at a CAGR of 0.6 % between 2019 and 2024.
Has the Commercial Banking in the US industry in United States grown or declined over the past 5 years?
The market size of the Commercial Banking in the US industry in United States has been growing at a CAGR of 5.6 % between 2019 and 2024.
What is the forecast growth of the Commercial Banking in the US industry in United States over the next 5 years?
Over the next five years, the Commercial Banking in the US industry in United States is expected to decline.
What are the biggest companies in the Commercial Banking in the US market in United States?
The biggest companies operating in the Commercial Banking market in United States are Citigroup inc., Jpmorgan Chase & Co and Wells Fargo & Company
What does the Commercial Banking in the US in United States include?
Receiving deposits from customers and Issuing consumer, commercial and industrial loans are part of the Commercial Banking in the US industry.
Which companies have the highest market share in the Commercial Banking in the US in United States?
The company holding the most market share in United States is Citigroup inc..
How competitive is the Commercial Banking in the US industry in United States?
The level of competition is high and increasing in the Commercial Banking in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Savings Banks & Thrifts in the US
- Industrial Banks in the US
- Credit Card Issuing in the US
- Auto Leasing, Loans & Sales Financing in the US
- Loan Brokers in the US
Complementors
- Credit Unions in the US
- Real Estate Loans & Collateralized Debt in the US
International industries
- Global Commercial Banks
- Commercial Banking in Canada
- National and Regional Commercial Banks in Australia
- Foreign Banks in Australia
- Banking in New Zealand
View all industries in United States
Methodology
How are Alfabank-Adres reports created?
Alfabank-Adres has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for Alfabank-Adres readers. Finally, each report is reviewed by one of Alfabank-Adres’s editors, who provide quality assurance to ensure accuracy and readability.
Alfabank-Adres relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do Alfabank-Adres analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, Alfabank-Adres’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does Alfabank-Adres forecast its data?
Alfabank-Adres’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
Alfabank-Adres prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
