Between the second quarter of 2019 and the second quarter of 2020, average deposits of the largest banks and wirehouses in the United States grew by 20.9 percent. Meanwhile, their revenues were down 3.4 percent. Wirehouses are full-service broker-dealers. In 2019, LPL Financial was the largest independent broker-dealer in the country.
Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators
The 14 largest private banks and wirehouses in the US that were analyzed:
1. Bank of America
2. BNY Mellon
3. Boston Private Bank
4. Fifth Third
5. First Republic Bank
6. Goldman Sachs
7. JPMorgan Chase
8. Morgan Stanley
9. Northern Trust
10. PNC
11. RBC
12. Regions
13. US Bank
14. Wells Fargo
The source adds the following information: "where possible and unless noted, data are for wealth management businesses only. Some public domain data, however, are commingled with other business lines such as brokerage or asset management. Goldman Sachs was removed from this quarter's analysis due to its unique revenue performance."
*Revenues include both net interest and noninterest revenues.
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WISE. (July 1, 2020). Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators [Graph]. In Statista. Retrieved December 27, 2024, from https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/
WISE. "Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators." Chart. July 1, 2020. Statista. Accessed December 27, 2024. https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/
WISE. (2020). Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators. Statista. Statista Inc.. Accessed: December 27, 2024. https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/
WISE. "Year-over-year Growth Rates of Large Private Banks and Wirehouses in The United States from Q2 2019 to Q2 2020, by Selected Performance Indicators." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/
WISE, Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators Statista, https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/ (last visited December 27, 2024)
Year-over-year growth rates of large private banks and wirehouses in the United States from Q2 2019 to Q2 2020, by selected performance indicators [Graph], WISE, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1177463/yoy-growth-rate-private-banks-wirehouses-usa/
