Bank Earnings Setup: JPM, USB, WFC, BAC & Citi
June 28, 2022 | Premium Service | As we approach the end of the second quarter of 2022, let’s set up the top-five commercial banks for readers of The Institutional Risk Analyst. JPMorgan (JPM), Wells Fargo (WFC), U.S. Bancorp (USB), Citigroup (C) and Bank of America (BAC) remain the largest commercial lenders in the US, but the top ten US banks now include Charles Schwab (SCHW), PNC Financial (PNC) and Truist (TRU).
As you can see from the list below, the top US bank holding companies have changed significantly over the past decade, with several large asset managers now among the larger depositories. There are three groups with lots of overlap, including commercial banks, universal banks and advisory businesses.
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