In the vault: The NJ industry will continue growing despite increased state and federal regulations

Operators in the Commercial Banking industry in New Jersey provide financial services to business and retail clients through commercial, industrial and consumer loans. Banks accept deposits from customers, which are used to help fund loans given out to customers. Over the past five years, the Commercial Banking industry in New Jersey has performed well, despite lackluster performance early in the period. Furthermore, as New Jersey's economy has grown, demand for industry services has increased. In addition to increasing demand, the average creditworthiness of the NJ borrower has also grown. While revenue generated by interest-related fees has increased, noninterest-related revenue has been far weaker, with relatively stagnant growth over the five-year period...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
4.4%
Forecast Growth 18-23
Profit
Employment
9,061
Businesses
2,321

Industry Threats & Opportunities

  • The two largest revenue sources are interest and noninterest-related income
  • Additional Insights for the Commercial Banking in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Banking in New Jersey Industry are

  • Having a good reputation
  • Membership of joint marketing/distribution operations
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Access to Credit in New Jersey in the Commercial Banking in New Jersey industry impact industry performance..

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    What's in this report

    What is the Commercial Banking in New Jersey Industry?

    This industry comprises banks that provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks accept deposits from customers, which are used as sources of funding for loans. Banks in this industry are regulated by the Office of the Comptroller of the Currency.

    Industry Products
  • Real estate loans
  • Depository services and other noninterest income
  • Commercial and industrial loans
  • Loans to individuals
  • All others
  • Industry Activities
  • Receiving deposits from customers
  • Issuing consumer, commercial and industrial loans
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Access to Credit in New Jersey
  • Housing starts in New Jersey
  • Prime rate

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Banking in New Jersey Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Mining
  • Construction
  • Information
  • Consumers

  • Key Selling Industries
  • Central Banking
  • Commercial Leasing

  • Products & Services
  • Real estate loans
  • Depository services and other noninterest income
  • Commercial and industrial loans
  • Loans to individuals
  • All others
  • Chart: Commercial Banking in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Retail clients
  • Corporate clients
  • Other
  • Chart: Major Market Segmentation for the Commercial Banking in New Jersey Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Banking in New Jersey

  • Basis of Competition
    Barriers to Entry
    Bank of America Corporation, JPMorgan Chase & Co., PNC Financial Services Group Inc., Wells Fargo & Company,
  • Table: Bank of America Corporation - financial performance
  • Table: JPMorgan Chase & Co. - financial performance
  • Table: PNC Financial Services Group Inc. - financial performance
  • Table: Wells Fargo & Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Banking in New Jersey Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Commercial Banking in New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Prime Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Generation Y
  • The demographic of Americans generally aged 10 to 30.
  • Loan And Lease Loss Provision
  • An amount set aside as an allowance for bad debts (i.e. debts where the customer defaults or where the terms of the loan need to be renegotiated).
  • Loan Default
  • When a customer fails to pay back money received through a loan to the bank.
  • Subprime Mortgage
  • A type of mortgage made out to borrowers with lower credit ratings. Lending institutions often charge higher interest on subprime mortgages to compensate themselves for carrying more risk.
  • Warrant
  • A type of security that entitles the holder to purchase stock in the issuing company at a specified price.
  • Write-Down
  • A deliberate reduction in the value of an asset to reflect its current market value.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Commercial Banking in New Jersey Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Banking in New Jersey:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Banking in New Jersey market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Banking in New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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