Updated: Jul 16
June 23, 2021 | In this edition of The Institutional Risk Analyst, we update our readers on the top-five commercial bank holding companies (BHCs): JPMorgan (NYSE:JPM), Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo & Co (NYSE:WFC) and U.S. Bancorp (NYSE:WFC). We share this example of the Premium Service of The Institutional Risk Analyst with all of our readers.
BNN-Bloomberg: U.S. banks looking
to get smaller post COVID-19
Of note, USB has now dropped to the number eight position, supplanted by Charles Schwab (NYSE:SCHW) at $580 billion in total assets and more than $350 billion in core deposits. The good news is that Q1 2021 earnings for the large bank group were much improved, but the bad news is that much of that income was earned a year ago. The table below shows the top 13 BHCs by total assets.