The Commonwealth Bank of Australia (CBA) led the four major banks in Australia in 2024, reporting a profit before tax of just under 14 billion Australian dollars. All other major banks reported a profit before tax of around 10 billion Australian dollars in the latest financial year.

The Commonwealth Bank of Australia (CBA) in Australia reported a basic earnings per share of 566.6 Australian cents in 2024. This was significantly higher than the earnings per share of the other big four banks in the country. One of the largest Australian companies listed on the Australian Securities Exchange, CBA also operates in New Zealand, Asia, and the United Kingdom.

Banks are grappling with a transition from years of loose monetary policy to tighter financial conditions. Soaring inflation prompted an RBA pivot in the face of surging energy, housing and food prices. The RBA hiked the cash rate multiple times from May 2022 to November 2023. Prior to this, banks cashed in on high residential housing prices, with low interest rates and government schemes encouraging strong mortgage uptake over the course of the pandemic. APRA also eased the interest rate buffer in 2019, before raising it in 2021. Interest hikes have pushed up banks' incomes over the past few years. Meanwhile, banks' interest deposit expenses and funding costs have also risen while elevated interest rates have dampened industry profit margins over the past few years. Overall, industry revenue is expected to expand at an annualised 9.3% over the five years through 2024-25, to $259.2 billion. This includes an anticipated slump of 8.3% in 2024-25, as inflationary pressure shows signs of easing, the cash rate easing, weighing on interest income. As banks passed on cash rate rises through higher interest rates, the RBA's policy approach has had a cascading effect on the economy. There’s a lag before these hit customers, with some fixed-rate mortgages gradually rolling over through 2023 and 2024. Banks are securing more interest income from existing loans but must manage inflated borrowing costs and bigger payouts on deposit accounts. Residential housing prices are set to stabilise, while heavy mortgage payments will price out some potential homeowners. Banks will be monitoring consumer spending amid inflationary pressures and spiralling borrowing costs. APRA has strengthened rules for managing interest rate risks, effective from October 2025. The updated Prudential Standard APS 117 requires major financial institutions to implement robust frameworks to manage these risks effectively. The big four will need to keep up with rapid technological change, managing cyber security as consumers embrace online financial services. Competition isn't easing up as smaller technology-focused firms disrupt the finance sector and foreign banks tap into the Australian market. Revenue is projected to climb at an annualised 0.3% over the next five years, to total $262.6 billion in 2029-30.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

The Commonwealth Bank of Australia (CBA) led the four major banks in Australia in the first half of 2021, reporting a cash profit after tax of *** billion Australian dollars at the end of 2020. This was higher than the earnings of the other big four banks in the country, however, it did not include the impact of the coronavirus pandemic. One of the largest Australian company listed on the Australian Securities Exchange, CBA also operates in New Zealand, Asia, and the United Kingdom.

The Credit Card Issuance industry has contracted as the number of cards issued and balances accruing interest have fallen. Issuers have faced significant competition from other forms of payment like debit cards and BNPL services. The monthly value of debit card transactions has continued to surpass the monthly value of credit card transactions thanks to initiatives like the Reserve Bank of Australia's (RBA) least-cost routing initiative. BNPL services have also gained popularity with younger consumers who constitute a significant market for online sellers. That's why revenue is set to weaken by an annualised 5.3% over the five years through 2024-25, to $7.6 billion. To compete with sophisticated competition, credit card issuers have beefed up their reward and referral programs and integrated online payment, service and customer acquisition platforms into their operations. The Big Four banks dominate the industry and NAB's acquisition of Citigroup's Australian consumer banking business has expanded its collective market share. Economic conditions tied to inflationary pressures have ravaged consumer sentiment and appetites for spending through credit. Some customers have opted to pay down debt instead and have avoided taking on more. A sharp climb in interest rates over the past few years has compounded this dynamic, which is set to constrain industry performance in 2024-25, with revenue declining by an anticipated 0.9%. Credit card issuers' performance will improve over the coming years as economic conditions recover. Credit card issuance revenue is projected to expand at an annualised 2.0% through the end of 2029-30, to total $8.4 billion. The RBA is forecast to slash the cash rate once inflation falls within the central banks' target band, lifting credit card issuer profit margins as funding costs drop. Alternative payment methods, like BNPL services, debit transactions and other fintech solutions, are on track to sap away demand for credit cards. However, easing inflationary pressures and lower interest rates over the medium term are set to spur household consumption expenditure and credit card use. In response to the fierce competition, issuers will emphasise innovation and enhance their rewards and points systems to entice consumers.

In 2024, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 177 billion U.S. dollars. Bank of America and Wells Fargo followed, with 101.9 and 82.3 billion U.S. dollars, respectively. These three banks were also the largest banks in terms of total assets in the United States that year. Commercial banking A commercial bank is a bank that offers financial services to private customers and companies, such as accepting deposits, checking services or loans. Commercial banks earn money through interest rates on the loans that they offer. Such rates are significantly higher than the interest rates paid to the bank customers for depositing their assets in a bank. This difference in rates is called net interest income, which is one of the leading indicators of bank performance. Commercial vs investment banks Some banks specialize only in commercial or investment banking, while some banks combine both divisions in their operations. Investment banks specialize in managing assets of their clients, underwriting securities or supervising merger and acquisition transactions.

Mortgage lenders are dealing with the RBA's shift to a tighter monetary policy, as it fights heavy inflation. Since May 2022, the RBA has raised the benchmark cash rate, which flows to interest rates on home loans. This represents a complete reversal of the prevailing approach to monetary policy taken in recent years. Over the course of the pandemic, subdued interest rates, in conjunction with government incentives and relaxed interest rate buffers, encouraged strong mortgage uptake. With the RBA's policy reversal, authorised deposit-taking institutions will need to balance their interest rate spreads to ensure steady profit. A stronger cash rate means more interest income from existing home loans, but also steeper funding costs. Moreover, increasing loan rates mean that prospective homeowners are being cut out of the market, which will slow demand for new home loans. Overall, industry revenue is expected to rise at an annualised 0.4% over the past five years, including an estimated 2.2% jump in 2023-24, to reach $103.4 billion. APRA's regulatory controls were updated in January 2023, with new capital adequacy ratios coming into effect. The major banks have had to tighten up their capital buffers to protect against financial instability. Although the ‘big four’ banks control most home loans, other lenders have emerged to foster competition for new loanees. Technological advances have made online-only mortgage lending viable. However, lenders that don't take deposits are more reliant on wholesale funding markets, which will be stretched under a higher cash rate. Looking ahead, technology spending isn't slowing down, as consumers continue to expect secure and user-friendly online financial services. This investment is even more pressing, given the ongoing threat of cyber-attacks. Industry revenue is projected to inch upwards at an annualised 0.8% over the five years through 2028-29, to $107.7 billion.

China Commercial Bank: Net Profit: Year to Date: Large data was reported at 957.300 RMB bn in Dec 2018. This records an increase from the previous number of 785.900 RMB bn for Sep 2018. China Commercial Bank: Net Profit: Year to Date: Large data is updated quarterly, averaging 662.750 RMB bn from Mar 2018 (Median) to Dec 2018, with 4 observations. The data reached an all-time high of 957.300 RMB bn in Dec 2018 and a record low of 265.500 RMB bn in Mar 2018. China Commercial Bank: Net Profit: Year to Date: Large data remains active status in CEIC and is reported by China Banking and Insurance Regulatory Commission. The data is categorized under China Premium Database’s Money and Banking – Table CN.KC: Banking: Income Statement and Its Related.

Revenue for the Commercial Banks industry in China is defined as net operating income, including net interest received and net fee income. Industry revenue is expected to grow at an annualized 6.5% over the five years through 2024, to $965.4 billion. The industry comprises about 3,952 commercial bank enterprises, employing an estimated 3.5 million people, with total wages of $108.4 billion. Commercial banks in China are divided into state-owned commercial banks, which include China's four largest banks: joint-stock commercial banks with stock, private, and foreign stock shares operating at the national level; city commercial banks operating at the city level; foreign and joint venture (JV) banks; and other banking institutions, including urban and rural credit cooperatives, rural commercial banks and urban cooperative banks. Over the past five years, the union of corporate institutions with rural credit cooperatives and the government's policy of establishing new rural commercial banks has led to a sharp decline in the number of rural credit cooperatives. In 2007, the China Banking Regulatory Commission relaxed the market-entry policies for banking institutions in rural areas. The rural financial market has the largest consumer base and holds unprecedented development opportunities. New establishments of banking institutions in rural areas of China have been rapidly developing. Weak demand for new medium- and long-term loans, a narrowing interest spread, and intensified industry competition contributed to revenue declines in 2016 and 2017. Increasing interest and outstanding loans resulted in industry revenue growth between 2018 and 2021. Industry revenue is forecast to rise at an annualized 5.7% over the five years through 2029, to $1.1 trillion. The number of rural banking establishments will continue to expand, especially village banks providing financial services for local farmers, community credit cooperative institutions, and rural cooperative banks. However, the number of banking establishments of large state-owned banks is anticipated to decline with the development of internet channels and the transfer of channels from offline to online. This trend will likely reduce industry establishment numbers over the next five years.

The Commonwealth Bank of Australia (CBA) led the four major banks in Australia in March 2021, reporting the second lowest cost to income ratio of **** percent. The largest Australian company listed on the Australian Securities Exchange, CBA also operates in New Zealand, Asia, and the United Kingdom.

PricewaterhouseCoopers (PwC) generated 10.73 billion U.S. dollars from the financial services industry in 2018, around four billion U.S. dollars more than the next ranked industry sector. Income from the financial services industry accounted for around 25 percent of the firm’s aggregated gross revenue worldwide in 2018. What drives demand from financial services? Financial institutions such as banks and insurance companies face frequent changes in their line of work and, consequently, accounting firms can be confident that revenue from this industry generates a significant share of their annual revenue. KPMG – another of the Big Four accounting firms – received around 30 percent of its annual worldwide revenue from the financial services industry in 2019. One obstacle that many financial institutions are having to overcome is how to cope with changes in technology; many companies are seeking professional advice on how to decrease cybersecurity risks or improve the mobile banking experience for their customers. An overview of PwC PwC is an accounting firm – also known as an audit firm or professional services network – with members located around the world. Formed in 1998 as the result of a merger between Price Waterhouse, and Coopers and Lybrand, the firm can trace its roots back to London during the 19th century. PwC is one of the Big Four accounting firms and provides auditing services for many of the world’s most valuable publicly traded companies. In 2019, the firm reported global gross revenue of more than 42 billion U.S. dollars and employed around 276,000 people worldwide.

As of June 2024, JPMorgan Chase led the U.S. banking sector with approximately **** percent of total domestic deposits, closely followed by Bank of America at nearly ** percent. This distribution reflects the concentrated nature of the U.S. banking industry, where, despite thousands of commercial banks operating nationwide, the market is dominated by the top four institutions. The total value of deposits held at FDIC-insured commercial banks has decreased in recent years, amounting to ***** trillion U.S. dollars in 2023. The U.S. banking industry The banking industry in the United States accounts for tens of trillions of U.S. dollars in assets under management. While there are thousands of commercial banks in the country, the market is dominated by the largest four of these. This is particularly true when considering functions such as private and investment banking. Other measures This ranking presents the market share of domestic assets, but other measures give a slightly different picture. For example, looking at the value of total assets shows a higher market share in the hands of the top four firms. Apart from that, the revenue of leading commercial banks can also give a better idea of banks’ financial standing.

The US investment banking market, a cornerstone of global finance, is experiencing robust growth, fueled by a confluence of factors. The market's expansion is driven primarily by increased mergers and acquisitions (M&A) activity, particularly within the technology and healthcare sectors, reflecting a dynamic landscape of corporate restructuring and strategic partnerships. Debt and equity capital markets are also contributing significantly to market expansion, as companies seek funding for expansion and innovation. Syndicated loans, a key segment within the investment banking industry, continue to be a popular financing option for large-scale projects and corporate transactions. While regulatory changes and macroeconomic uncertainties pose potential headwinds, the overall outlook for the US investment banking market remains positive, projected to maintain a compound annual growth rate (CAGR) exceeding 4% through 2033. This growth is further bolstered by the increasing complexity of financial transactions and the growing demand for sophisticated financial advisory services from both established corporations and emerging high-growth companies. Leading investment banks like Morgan Stanley, JPMorgan Chase, Goldman Sachs, and others are well-positioned to capitalize on this growth, leveraging their extensive networks, deep industry expertise, and sophisticated technological capabilities. However, competition remains fierce, with both established players and newer entrants vying for market share. The geographical distribution of revenue is expected to remain concentrated in North America, specifically the United States, given its large and sophisticated financial markets. While European and Asian markets are also expected to experience growth, they will likely contribute a smaller proportion to overall market revenue. The ongoing digital transformation within the financial sector is creating both opportunities and challenges, forcing firms to embrace new technologies and adapt to evolving client needs to maintain competitiveness and stay ahead of market shifts. The market will continue to see innovation in areas such as fintech and data analytics, creating new revenue streams and further shaping the industry landscape. Comprehensive Coverage US Investment Banking Market Report (2019-2033) This in-depth report provides a comprehensive analysis of the US Investment Banking Market, covering the period from 2019 to 2033. It offers invaluable insights for investors, industry professionals, and anyone seeking to understand the dynamics of this lucrative and competitive sector. The report leverages extensive market research to forecast robust growth, projecting a market size exceeding $XXX million by 2033, building on a base year of 2025. Key segments including Mergers & Acquisitions (M&A), Debt Capital Markets, Equity Capital Markets, Syndicated Loans, and other investment banking products are rigorously analyzed, providing a granular understanding of market trends and future opportunities. Recent developments include: October 2022: Michael Klein will combine his consultancy business with the investment bank Credit Suisse., October 2022: J.P. Morgan, the largest merchant acquirer in the world by volume of transactions, is expanding its Merchant Services capabilities in Asia Pacific (APAC) as it seeks to provide corporate clients with the full range of its payment services in a region where retail e-commerce sales are the highest in the world.. Notable trends are: Artificial Intelligence is driving the market.

In 2024, PricewaterhouseCoopers (PwC) generated around ** percent of its total revenue from the Americas region. The Americas continued to be the most important region in terms of revenue for the firm, generating around **** billion U.S. dollars in 2024. Upward trends continue Growth across all of its geographic regions contributed to PwC generating a gross revenue of over ** billion U.S. dollars in 20234 Helped by strong performances from operations in North America, revenue in the Americas continued on its upward trajectory as figures increased by roughly *** million U.S. dollars between 2023 and 2024. Revenue streams also increased across all three service lines: assurance, advisory, and tax. Helping clients build for the future PwC is a global accounting firm – also known as an audit firm or professional services network – with offices in more than *** countries. The aggregated gross revenue of the company has increased year-on-year since 2006, making it one of the prestigious Big Four accounting and consulting firms. When broken down by industry sector, the firm has generated most of its revenue from clients in financial services. Financial institutions such as banks and insurance companies are continuously seeking advice on topics such as minimizing risk, managing regulatory requirements, and planning for innovations in digital technologies.

In 2024, HSBC recorded the highest net profit among the five largest banks in the United Kingdom, reporting just under 20 billion British pounds. Barclays ranked second, with net profits of approximately 6.36 billion British pounds, while NatWest followed with around 4.8 billion British pounds in net profit.

The online banking penetration rate in Australia was forecast to continuously increase between 2024 and 2029 by in total 4.1 percentage points. After the fifteenth consecutive increasing year, the online banking penetration is estimated to reach 71.28 percent and therefore a new peak in 2029. Notably, the online banking penetration rate of was continuously increasing over the past years.Shown is the estimated percentage of the total population in a given region or country, which makes use of online banking.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

In 2022, the leading commercial bank in China was the Industrial and Commercial Bank of China with an annual revenue of around *** billion yuan, followed by China Construction Bank which had annual revenue of *** billion yuan. The largest banks in the country were state-owned.

As of the first quarter of 2024, Bank Mandiri was the largest bank in Indonesia in terms of assets. Along with Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), and Bank Negara Indonesia (BNI), they were the only Indonesian banks with total assets exceeding *************** Indonesian rupiah (around ** billion U.S. dollars). Banking sector in IndonesiaIndonesia’s banking sector has continuously been on the rise. The growth of the middle-class and overall population resulted in the ongoing development of the finance industry. As of January 2024, there were about ************ rural banks and *** commercial banks available. The market is regulated by the financial service authority, whereas the central bank of Indonesia, Bank Indonesia (BI), is responsible for foreign exchange supervision and payment systems. Digital banking services in Indonesia Indonesia is one of the most adaptable countries to digital banking services in the world. The majority of the rather young population are open to digital payment methods as well as digital consumption in general. Not surprisingly, the mobile wallet penetration increased over the past years, and almost reached ** percent in 2023. For traditional banks, this development could be perceived as a threat and an opportunity. The possibility of reaching customers without a physical presence could lead to an increase in clients. On the other hand, a lack of technological know-how and the slow implementation and enforcement of digital actions could allow smaller competitors to establish themselves in a more favorable position.