Top 10 Companies in the US Retail Banking Industry: IT Spending Predictor 2010

This databook provides estimates of IT spending for the top 10 companies in the US Retail banking industry

. The databook is a comprehensive source of IT spending by company, including assessment by technology and channel. The databook also provides information on the IT contracts of these companies where available.

Scope

*The top 10 companies in the US retail banking sector in terms of IT spending

*A breakdown of the estimated IT budget by technology for each of the top 10 companies

*A breakdown of the estimated IT budget by channel for each of the top 10 companies

*Details of IT services contracts by company where available

Highlights

The top 10 companies in the US retail banking industry in terms of estimated IT spending spent the largest portion of their IT budgets on services, a segment that accounted for about 30% of the IT budgets among these firms. This was followed by spending on hardware and software.

Among the top 10 companies, a major portion of IT spending is allocated to internal IT. Internal IT alone accounted for approximately 28% of the total estimated IT spending by these companies. Bank of America Corporation remained the leading companies in terms of IT spending, followed by JP Morgan Chase & Co and JPMorgan Chase Bank, N.A.

Reasons to Purchase

*Gain insight into IT budget breakdown of top10 companies in US retail banking industry and identify notable areas of allocation

*Identify organizations with top IT expenditures in your target markets

*Leverage IT spending pattern information to tailor account targeting based on company demographics

Table of Contents :

OVERVIEW 1

Catalyst 1

Summary 1

INTRODUCTION 9

Reasons to purchase 9

Definitions 9

US RETAIL BANKING INDUSTRY: ESTIMATED SPENDING ON IT 12

Overview 12

Estimated spending by technology segment 14

Estimated IT spending by channel 16

BANK OF AMERICA CORPORATION 18

Budget overview 18

Bank of America Corporation, estimated spending on IT 19

Bank of America Corporation, estimated IT spending by channel 23

JP MORGAN CHASE & CO 25

Budget overview 25

JP Morgan Chase & Co, estimated spending on IT 26

JP Morgan Chase & Co, estimated IT spending by channel 30

JPMORGAN CHASE BANK, N.A. 32

Budget overview 32

JPMorgan Chase Bank, N.A., estimated spending on IT 33

JPMorgan Chase Bank, N.A., estimated IT spending by channel 37

CITIGROUP INC. 39

Budget overview 39

Citigroup Inc., estimated spending on IT 40

Citigroup Inc., estimated IT spending by channel 44

Citigroup Inc., IT Contracts 46

BANK OF AMERICA, N.A. 48

Budget overview 48

Bank of America, N.A., estimated spending on IT 49

Bank of America, N.A., estimated IT spending by channel 53

WELLS FARGO & COMPANY 55

Budget overview 55

Wells Fargo & Company, estimated spending on IT 56

Wells Fargo & Company, estimated IT spending by channel 60

WELLS FARGO BANK, N.A 62

Budget overview 62

Wells Fargo Bank, N.A, estimated spending on IT 63

Wells Fargo Bank, N.A, estimated IT spending by channel 67

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY 69

Budget overview 69

State Farm Mutual Automobile Insurance Company, estimated spending on IT 70

State Farm Mutual Automobile Insurance Company, estimated IT spending by channel 74

WACHOVIA CORPORATION 76

Budget overview 76

Wachovia Corporation, estimated spending on IT 77

Wachovia Corporation, estimated IT spending by channel 81

Wachovia Corporation, IT Contracts 83

ALLSTATE CORPORATION 87

Budget overview 87

Allstate Corporation, estimated spending on IT 88

Allstate Corporation, estimated IT spending by channel 92

APPENDIX 94

Methodology 94

Further reading 95

Disclaimer 96

For more information please visit :

http://www.aarkstore.com/reports/Top-10-Companies-in-the-US-Retail-Banking-Industry-IT-Spending-Predictor-2010-61637.html

Top 10 Companies in the US Retail Banking Industry: IT Spending Predictor 2010

By: Aarkstore Enterprise

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