According to reports, the four major Banks in the USA are expected to secure the largest share of industry profits in nearly a decade, indicating that they are consolidating their dominant market positions. Based on calculations from the UK's Financial Times, using data from industry tracking Institutions Bank Reg Data, the four major Banks in the USA—JPMorgan, Bank of America, Citigroup, and Wells Fargo & Co—reported profits of approximately 88 billion USD in the first nine months of 2024. Despite the presence of more than 4,000 Other Banks in the USA, these four Banks collectively account for 44% of the profits in the USA banking industry, the highest share for the first nine months since 2015. Including U.S. Bancorp, PNC Financial Services, and Truist Bank, the seven largest Banks in the USA by deposit size generated nearly 56% of the total banking industry's profits in the first nine months of this year, up from 48% in the same period of 2023.