Banks in the United States industry profile provides top-line qualitative and quantitative summary information including: 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 US banks industry group recorded assets of $23.23 trillion in 2023, representing a compound annual growth rate (CAGR) of 6.4% between 2018 and 2023.
- The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $17.28 trillion, equivalent to 74.4% of the industry group's overall value.
- In 2023, the revenue of the US banks industry group witnessed an annual growth of 1.2%. The growth is attributed to the rising lending interest rates. According to the Federal Reserve System, in 2023, the lending interest rate in the US reached 7.5%, up from 3.3% in 2021.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in the United States
- 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 United States banks market with five year forecasts
Reasons to Buy
- What was the size of the United States banks market by value in 2023?
- What will be the size of the United States banks market in 2028?
- What factors are affecting the strength of competition in the United States banks market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's banks market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank of America Corp
- Citigroup Inc
- JPMorgan Chase & Co.
- Wells Fargo & Company