Banks & Credit Unions
Industry Description
The US banking industry includes about 6,400 commercial banks, 1,100 savings banks, and 7,200 credit unions with combined annual revenue of about $700 billion. Major companies include Bank of America, Citibank, JPMorgan Chase, Wells Fargo, and Navy Federal Credit Union. The industry is concentrated: the 50 largest firms generate 70 percent of revenue. Commercial banks account for about 80 percent of industry revenue; savings banks, 15 percent; and credit unions, 5 percent.
SIC: 6019, 6021, 6035, 6061, 6091, 6099
NAICS: 522110, 522120, 522130, 522320, 522390, 523991
NAICS: 522110, 522120, 522130, 522320, 522390, 523991
Related Industries:
Financial Planners & Investment Advisers, Mutual Fund Management, Hedge Fund Management, Investment Banking, Venture Capital, Mortgage Banking, Consumer Lending, Securities Brokerages, Financial Transaction Processing, Credit Reporting & Collections ServicesTo get access to the full industry record, register now.
Top 5 Companies
| Company | Sales | Location |
|---|---|---|
| IXE Banco, S.A., Institución de Banca Múltiple, IXE Grupo Financiero | 222,238.05M | Ciudad De Mexico, D.F. |
| BNP Paribas | 129,153.99M | Paris, France |
| Bank of America Corporation | 115,074.00M | Charlotte, NC |
| JPMorgan Chase & Co. | 110,838.00M | New York, NY |
| Citigroup Inc. | 102,587.00M | New York, NY |
There are 401,579 companies in this industry. To view all of them, register now.Trends
Industry Consolidation - The number of commercial banks and savings institutions in...
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The bank prime loan rate, an indicator of bank and credit union revenue from lending, remains at 3.25 percent as of the week of January 13, 2012, unchanged from the same week in 2011.
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Phishing Scams Increase - The number of phishing scams targeting US banking customers has increased, and customers should be wary of any unsolicited attempts to gain personal information, according...
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