- Bank of America Corporation - Charlotte, NC - $2,340,667,014
- JPMorgan Chase & Co. - New York, NY - $2,135,796,000
- Citigroup Inc. - New York, NY- $2,002,213,000
- Wells Fargo & Company - San Francisco, CA - $1,223,630,000
- Goldman Sachs Group Inc. - New York, NY - $880,677,000
- Morgan Stanley - New York, NY - $819,719,000
- Metlife, Inc. - New York, NY - $565,566,452
- Barclays Group US Inc - Wilmington, DE - $427,837,000
- Taunus Corporation - New York, NY - $364,079,000
- HSBC North America Holdings Inc - New York, NW - $345,382,871
An excerpt from Telegraph website "the three - Bank of America, Wells Fargo, and JP Morgan Chase - are the three largest consumers-focused banks on American high streets, and as a result are particularly susceptible to changes in the consumer cycle." (Telegraph, 2010). Where you could see this profits for 2010 wipe out.
Reference:
National Information Center Top 50 bank holding companies (BHCs) as of 3/31/2010. Retrieved July, 3, 2010, from http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
Top US banks face $30bn of mortgage losses, warns CreditSights. Retrieved July 3, 2010, from http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7583342/Top-US-banks-face-30bn-of-mortgage-losses-warns-CreditSights.html
Great post with lots of really good information!
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