Job Prospects: According to the Bureau of Labor Statistics

Ross BabinecEllen DaleLauren FactorBank of America&Wells FargoCorporate Address100 North Tryon StreetCharlotte, NC 28255420 Montgomery StreetSan Francisco, CA 94104

Bank of AmericaMarket Share: 11.8%Headquartered in Charlotte, NCWorlds largest holding-backed company in terms of assets and revenueIn the next five years, revenue is forecasted to increase by 10% annually to $67.1 billionLike most banks in the industry it was hit hard by the recessionOperates through three business segments: Global consumer and small business banking(GC&SBB), global corporate and investment banking, and global wealth and investment management

Bank of America Cont.GC&SBB is most relevant to the Commercial Banking Industry, and is the source of 80% of its revenueWithin the GC&SBB segment there are four primary businessesDepositsCard ServicesConsumer Real EstateAsset Liability Management

Wells FargoMarket Share: 11.3%Headquartered in San Francisco, CADiversified financial services company that provides banking, insurance, investment, mortgage and consumer financeSeparated into three main segmentsCommunity BankingWholesale BankingWells Fargo FinancialLargest business segment is commercial banking generating more than 80% of its revenue

Wells Fargo Cont.Community banking business serves small-business clients as well as retail customers and high net worth individualsProvides a wide range of products ranging from home mortgages and debit cards to personal trustsIn 2008 Wells Fargo acquired WachoviaAs a result, it became the nations largest mortgage lender and the second-largest diversified service firm in the US in terms of deposits

Commercial BankingThe industry comprises banks that provide financial services to retail and business clients in the form of commercial, industrial and consumer loansBanks also accept deposits from customers, which are then used as a source of funding for the loans

commercial banking Cont.Primary ActivitiesReceiving deposits from customers and issuing consumer, commercial and industrial loansMajor Products and ServicesBusiness lendingDepositsHome equity loansMortgages

Employment ProspectsThe Bureau of Labor StatisticsThe commercial banking industry employs approximately 1,332,000 wage and salary workers in 2008, which is 74 percent of total banking industry.

Most bank employees work in heavily populated States such as New York, California, Illinois, North Carolina, Pennsylvania, and Texas.

Increase in Americans wealth and investments, along with the increase in local branch banking.

Need for skilled workers in areas with high employee turnover.

Employment Prospects Cont.IBISWorld

A positive, however small, increase in employment growth.

Troubled Asset Relief Program.

Average rate of revenue increase over five years is approximately 5.5% .

Return on Equity(Percentage)Wells FargoBank of AmericaStock PriceWells FargoBank of AmericaTotal AssetsWells FargoBank of AmericaOperational Efficiency:Efficiency ratio(Percentage)

Wells FargoBank of AmericaShare of Industry Value(Percentage)Wells FargoBank of AmericaSummary of RatiosIn 2008 WF acquired Wachovia, and this significantly increased its share of industry value and total assets, but also caused a significant decrease in operational efficiency and ROE only in 2008, and was able to then significantly increase these numbers to percentages higher than they had been before the acquisition Bank of Americas stock price and ROE was hit hard by the 2007 financial crises but BOA has slowly been able to come back and redeem themselves since 2008 and has mostly seen positive growth in their ratios

sourcesBank of America Corporation. "Investor Relations Historical Price Look Up." Bank Of America. Bank Of America Corporation, 30 Mar. 2011. Web. 30 Mar. 2011. .

"Information in the Career Guide to Industries." Bureau Of Labor Statistics. United States Department Of Labor, 17 Dec. 2009. Web. 31 Mar. 2011. .

IBISWorld. "US Commerical Banking Industry Market Research Report." IBISWorld. IBISWorld, 2011. Web. 30 Mar. 2011. .

Microsoft. "Bank of America Corp - Company Financial Statements (BAC):Interim Balance Sheet." MSN Money. MSN, 2011. Web. 30 Mar. 2011. .

Microsoft. "Financial Results Wells Fargo & Co." MSN Money. MSN, 2011. Web. 30 Mar. 2011. .

Morningstar. Morningstar, Inc., n.d. Web. 4 Apr. 2011. .

Wells Fargo. "About Wells Fargo - Stock Price." BigCharts. Wells Fargo, 3 Mar. 2011. Web. 30 Mar. 2011. .