Loan growth at the 10 largest U.S. banks has been slow over the past year, and that trend continued into the first quarter of 2018. Total loans at U.S. commercial banks grew by 0.5% during the quarter, and they fell by 0.1% at the 10 largest U.S. banks.
However, loans were still up 3.0% year over year for the top 10.
Among the "Big 4" banks, JPMorgan Chase Bank NA and Citibank NA led the way with 1.6% and 0.4% loan growth since year-end 2017. Both Bank of America NA and Wells Fargo Bank NA posted quarter-over-quarter drops — of 0.5% and 1.2%, respectively.
Over the last year, closed-end one- to four-family mortgages have grown by 4.4% among the top 10 banks, the largest growth among any major loan category analyzed. Meanwhile, home equity loans have fallen by 12.1%, the largest drop of any loan category. Total home equity loans dropped for all 10 companies year over year for the fourth quarter in a row.
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