Institutional Risk Analytics has published financial performance and Basel II credit metrics for the top ten US large banks. The rankings are made based upon return on equity for the first half of 2005 and focuses on institutions with greater than $10 billion in total assets. The report includes performance summaries for each bank unit and detailed profiles of each institution generated by the IRA Bank Monitor.
The list of top performing US banks is shown below:
1. The American Express Centurion Bank, a unit of American Express (NYSE:AXP).
2. The thrift unit of Lehman Brothers (NYSE:LEH), Lehman Brothers Bank.
3. Merrill Lynch (NYSE:MER), Merrill Lynch Bank and Trust Company.
4. Capital One Financial's (NYSE:COF) lead unit, Capital One Bank.
5. Mellon Financial Corporation's (NYSE:MEL) lead unit, Mellon Bank NA.
6. American Express Bank, FSB, a mortgage unit of AXP.
7. TCF Financial's (NYSE:TCB) lead unit, TCF National Bank.
8. Fremont Investment & Loan, the bank subsidiary of Fremont General Corp (NYSE:FMT).
9. Bank of Hawaii Corporation's (NYSE:BOH) lead unit, Bank of Hawaii.
10. Citigroup's (NYSE:C) mortgage unit, Citicorp Trust Bank.
Click here to see our benchmark report on the Top Ten US Banks Based on ROE.
IRA is a custom designer of risk analysis and valuation tools for credit officers, auditors, corporate lenders, regulators and other financial decision makers. The IRA Bank Monitor is the first commercially available Basel II benchmarking system for US banks, using "as filed" data and calculations from taken from US bank regulatory agencies.