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Money Center Banking Industry Analysis

Overview. The United States banking industry is one of the most important, and challenging industries in the country today. With over 7,100 commercial banks, 1,200 saving banks and 8,000 credit unions tallying over $630 billion in revenues, the banking industry is the key component to our financial

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Money Center Banking Industry Analysis

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    1. Money Center Banking Industry Analysis By Mike Nattis

    2. Overview The United States banking industry is one of the most important, and challenging industries in the country today.  With over 7,100 commercial banks, 1,200 saving banks and 8,000 credit unions tallying over $630 billion in revenues, the banking industry is the key component to our financial market.

    3. Major Players JPMorgan:As a worldwide banking corporation JP Morgan ranks number 3 in the Money Center Industry, and number 16 as an American Corporation. In 2008 they accumulated a total of $62.92 billon and a gross profit of $112.19 billion. Bank Of America: Bank Of America (BAC) is one of the world’s largest financial holding companies, providing a wide range of banking and nonbanking services in the U.S. and internationally. As a corporation Bank Of America is ranked number 11 and it is ranked as the number one commercial bank worldwide by fortune 500. Citibank: Over the past year they have accumulated $38.99 billion and a gross profit of $109.73 billion. Wells Fargo and Company: In 2009 Wells Fargo And Company tallied $51.31 billion in revenues and a total gross profit of $47.87 billion. Currently, Wells Fargo is ranked in the top 40 fortune 500 American Companies and the six commercial banking companies in the United States.

    4. Competitive Outlook The demand for banking services is directly intertwined with the level of the interest rates Profitability is based marketing skills, efficient operations, and good risk management. Capital-intensive or money driven industry, highly automated: Annual revenue per employee is close to $300,000.

    5. Industry Structure Large Banks Regional Banks Savings Banks National Banks State Banks Member Banks Non-Member Banks Insured Banks Uninsured Banks Unit Banks and Branching Banks       Limited Branching Statewide Branching   Interstate Branching

    6. Trends The newest technology has allowed for banks and investment firms to identify new business ideas, to develop customized services, and implement innovative strategies to capture new market opportunities

    7. Growth/Profitability

    8. References http://reports.finance.yahoo.com/w0?r=44242231:1 http://www.fdic.gov/bank/analytical/index.html http://finance.yahoo.com/q/bs?s=JPM&annual http://finance.yahoo.com/q/bs?s=C&annual http://www.fdic.gov/regulations/laws/rules/index.html http://banking.einnews.com/news/banking-profits http://money.cnn.com/magazines/fortune/fortune500/2009/snapshots/2578.html. www.hoovers.com/jpmorgan.    

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