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Banks in Canada

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    Report

  • 49 Pages
  • May 2024
  • Region: Canada
  • MarketLine
  • ID: 5992551
Description Jump to:
Banks in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
  • The Canadian banks industry group recorded assets of $6.41 trillion in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
  • The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $2.71 trillion, equivalent to 42.3% of the industry group's overall value.
  • In 2023, the revenue of the Canadian banks industry group witnessed an annual growth of 7.5%. The growth is attributed to the increase in net interest margin (the difference between the interest earned on loans and the interest paid on deposits) due to the reduction in inflation

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Canada
  • Leading company profiles reveal details of key banks market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada banks market with five year forecasts

Reasons to Buy

  • What was the size of the Canada banks market by value in 2023?
  • What will be the size of the Canada banks market in 2028?
  • What factors are affecting the strength of competition in the Canada banks market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Canada's banks market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Bank of Montreal
8.2. Royal Bank of Canada
8.3. The Bank of Nova Scotia
8.4. Canadian Imperial Bank of Commerce
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Canada banks industry value: $ billion, 2018-23
Table 2: Canada banks industry category segmentation: % share, by value, 2018-2023
Table 3: Canada banks industry category segmentation: $ billion, 2018-2023
Table 4: Canada banks industry geography segmentation: $ billion, 2023
Table 5: Canada banks industry value forecast: $ billion, 2023-28
Table 6: Canada banks industry share: % share, by value, 2023
Table 7: Bank of Montreal: key facts
Table 8: Bank of Montreal: Annual Financial Ratios
Table 9: Bank of Montreal: Key Employees
Table 10: Bank of Montreal: Key Employees Continued
Table 11: Royal Bank of Canada: key facts
Table 12: Royal Bank of Canada: Annual Financial Ratios
Table 13: Royal Bank of Canada: Key Employees
Table 14: The Bank of Nova Scotia: key facts
Table 15: The Bank of Nova Scotia: Annual Financial Ratios
Table 16: The Bank of Nova Scotia: Key Employees
Table 17: The Bank of Nova Scotia: Key Employees Continued
Table 18: The Bank of Nova Scotia: Key Employees Continued
Table 19: Canadian Imperial Bank of Commerce: key facts
Table 20: Canadian Imperial Bank of Commerce: Annual Financial Ratios
Table 21: Canadian Imperial Bank of Commerce: Key Employees
Table 22: Canadian Imperial Bank of Commerce: Key Employees Continued
Table 23: Canada size of population (million), 2019-23
Table 24: Canada gdp (constant 2005 prices, $ billion), 2019-23
Table 25: Canada gdp (current prices, $ billion), 2019-23
Table 26: Canada inflation, 2019-23
Table 27: Canada consumer price index (absolute), 2019-23
Table 28: Canada exchange rate, 2019-23
List of Figures
Figure 1: Canada banks industry value: $ billion, 2018-23
Figure 2: Canada banks industry category segmentation: $ billion, 2018-2023
Figure 3: Canada banks industry geography segmentation: % share, by value, 2023
Figure 4: Canada banks industry value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the banks industry in Canada, 2023
Figure 6: Drivers of buyer power in the banks industry in Canada, 2023
Figure 7: Drivers of supplier power in the banks industry in Canada, 2023
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Canada, 2023
Figure 9: Factors influencing the threat of substitutes in the banks industry in Canada, 2023
Figure 10: Drivers of degree of rivalry in the banks industry in Canada, 2023
Figure 11: Canada banks industry share: % share, by value, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bank of Montreal
  • Royal Bank of Canada
  • The Bank of Nova Scotia
  • Canadian Imperial Bank of Commerce

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About the Banks Market

The banking market is a sector of the financial services industry that provides a range of services to individuals, businesses, and other organizations. Banks offer services such as deposit accounts, loans, and investments, as well as other services such as foreign exchange, wealth management, and insurance. Banks are also responsible for managing payments and transfers between customers and other financial institutions. Banks are regulated by government agencies and must adhere to certain standards and regulations. The banking market is highly competitive, with a variety of banks offering different services and products. Banks compete for customers by offering competitive rates, fees, and services. Banks also compete for deposits by offering higher interest rates and lower fees. Some of the major players in the banking market include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. Other large banks include U.S. Bank, PNC Financial Services, and TD Bank. Regional banks such as BB&T, SunTrust, and Fifth Third Bank are also important players in the banking market. Show Less Read more

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