A Look At The Loan Portfolios Of The Largest U.S. Banks

Notably, Bank of America has a larger loan portfolio than any of its competitors with an average of just under $920 billion in outstanding loans for the first quarter of 2014. The bank reported a steady decline in total loans since the economic downturn as a direct result of its efforts to cut costs and improve its operating focus under its sweeping reorganization plan dubbed Project New BAC.