+++
Mkt.-Book Ratio of Market-
Rank to Book Value
1996 1995 12/31/96 12/31/95
MEGA BANKS
15 (SR)Norwest Corp. * 272.898 232.394
2 4 Citicorp 230.271 146.738
3 1 Banc One Corp., * 217.722 184.096
4 8 Chase Manhattan Corp., * 209.899 140.517
5 7 NationsBank Corp., * 206.311 149.667
6 3 First Union Corp., * 205.784 174.866
7 2 Fleet Financial Group, Inc., * 202.251 179.436
8 10 Bank America Corp., 191.864 135.177
9 6 First Chicago NBD Corp. * 187.068 147.361
10 1 (SR)Wells Fargo & Co. * 182.609 144.144
11 5 J.P. Morgan & Co., Inc. 179.359 158.253
12 11 Bankers Trust New York Corp. 161.911 131.475
Mean Value for the group 204 160.34
Median Value for the group 204.02 148.51
SUPEREGIONAL BANKS
1 8 Mellon Bank Corp., * 302.385 220.377
2 3 First Bank System, Inc.2 298.818 245.668
3 4 State Street Boston Corp 298.223 233.524
4 6 CoreStates Financial Corp. 298.132 215.077
5 11 Bank of New York Co., Inc. 261.831 188.52
6 7 Wachovia Corp. 246.08 206.546
7 17 KeyCorp 244.197 174.111
8 9 US Bancorp , Portland * 2 239.943 201.465
9 16 Barnett Banks Inc. 227.21 172.212
10 14 National City Corp. 225.991 180.715
11 12 Suntrust Banks, Inc. 222.549 181.121
12 18 Bank of Boston Corp. * 222.395 188.52
13 15 Comerica Inc., Detroit * 214.863 176.546
14 10 PNC Bank Corp. 207.758 178.869
15 13 Boatmen's Bancshares, Inc. 201.689 180.7
16 14 SouthTrust Corp. 193.213 157.402
17 19 Republic NY, Corp. 147.338 125.277
18 16 Union Bk of CA NA * 130.093 135.49
Mean Value for the group 232.4 186.79
Median Value for the group 226.6 180.92
LARGE REGIONAL
1 N/A MBNA Corp., Wilmington, Del. 572.917 432.515
2 1 Fifth Third Bancorp 310.185 284.435
3 2 Northern Trust Corp. 295.918 259.74
4 4 Marshall & Ilsey Corp. 258.975 201.238
5 3 Huntington Bancshares, Inc. 250.951 209.587
6 11 Southern National Corp. 234.476 188.037
7 6 Firstar Corp. 233.126 192.261
8 N/A First Security Corp. * 225.753 188.728
9 13 Summit Bancorp, * 213.311 179.11
10 10 Regions Financial Corp. 202.539 183.918
11 15 First of America Bank Corp. 201.559 153.6
12 8 Mercantile Bancorp, Inc.* 201.392 180.392
13 N/A Union Planters Corp. 199.488 159.057
14 12 AmSouth Bancorp 194.199 167.115
15 17 BanPonce Corp., San Juan 191.87 122.938
16 9 Crestar Financial Corp. 114.813 91.697
N/A N/A Citizens Financial Group, Inc. 3 N/A N/A
N/A N/A La Salle National Corp. 3 N/A N/A
N/A N/A Harris Bank 3 N/A
N/A N/A HSBC Americas, Inc.3 N/A N/A
Mean Value for the group 243.84 199.65
Median Value for the group 219.53 185.98
SUMMARY TOTALS FOR ALL 46 PUBLICLY HELD BANKS
Mean Value for all 46 banks 228.96 184.36
Median Value for all 46 banks 216.29 179.91
part 2 of 4
Mkt.-Book Price-Earnings DividendDividendImplied
Rank Multiple Yield (%P/O RateGrowth (%)
1996 1995 12/31/9612/31/9512/31/9612/31/95 1996
MEGA BANKS
15 (SR)Norwest Corp. 14.17 12.09 2.41 2.73 34.2
2 4 Citicorp 13.88 10.38 1.78 1.71 24.7
3 1 Banc One Corp. 13.31 11.75 3.16 3.63 42.1
4 8 Chase Manhatta 18.09 10.6 2.51 3.3 45.3
5 7 NationsBank Co 12.45 9.89 2.46 2.99 30.6
6 3 First Union Co 13.83 11.04 2.97 3.52 41.1
7 2 Fleet Financia 12.63 25.96 3.49 4 44.1
8 10 Bank America C 13.66 10.04 2.45 3.4 33.4
9 6 First Chicago 12.44 11.58 2.98 4.05 37
101 (SR)Wells Fargo & 22.09 10.6 1.93 2.13 42.6
11 5 J.P. Morgan & 12.91 12.62 3.39 3.81 43.8
12 11 Bankers Trust 22.09 32.92 4.64 6.02 59.4
Mean Value for 15.13 14.12 2.85 3.44 39.9
Median Value f 13.75 11.31 2.74 3.46 41.6
SUPEREGIONAL BANKS
1 8 Mellon Bank Co 13.79 12.05 3.31 3.72 45.6
2 3 First Bank Sys 13 12.07 2.42 2.92 31.4
3 4 State Street B 18.15 15.25 1.18 1.51 21.4
4 6 CoreStates Fin 17.47 11.91 3.33 3.8 58.3
5 11 Bank of New Yo 14 11.34 2.49 2.79 34.9
6 7 Wachovia Corp. 14.87 13.11 2.69 3.02 40
7 17 KeyCorp 14.99 10.51 3.01 3.97 45.1
8 9 US Bancorp , P 13.56 16.09 2.83 3.15 38.3
9 16 Barnett Banks 14.38 11.5 2.55 3.08 36.7
10 14 National City 13.72 11.23 3.28 3.92 45
11 12 Suntrust Banks 17.84 13.87 1.69 2.16 30.1
12 18 Bank of Boston 16.35 10.44 2.63 2.77 43
13 15 Comerica Inc., 14.75 11.3 2.9 3.43 42.8
14 10 PNC Bank Corp. 13.11 27.1 3.77 4.34 49.5
15 13 Boatmen's Banc 15.86 12.58 2.79 3.47 44.3
16 14 SouthTrust Cor 12.96 10.86 2.52 3.12 32.7
17 19 Republic NY, C 11.71 13.53 2.25 2.32 26.4
18 16 Union Bk of CA 12.86 10.08 2.64 2.58 34
Mean Value for 14.63 13.05 2.68 3.12 38.9
Median Value f 14.19 11.98 2.67 3.1 39.2
1 N/A MBNA Corp., Wi 20.68 16.05 1.75 1.95 36.1
2 1 Fifth Third Ba 19.88 17.26 1.75 1.97 34.8
3 2 Northern Trust 16.48 15.14 1.79 1.95 29.6
4 4 Marshall & Ils 16.33 13.68 2.14 2.48 34.9
5 3 Huntington Ban 14.65 13.47 2.88 3.25 42.2
6 11 Southern Natio 13.28 11.46 2.76 3.28 36.6
7 6 Firstar Corp. 15.58 13.21 2.9 3.33 45.1
8 N/A First Security 14.74 16.35 2.55 2.92 37.6
9 13 Summit Bancorp 49.72 48.8 4.34 3.34 40
10 10 Regions Financ 13.97 13.4 2.71 3.07 37.8
11 15 First of Ameri 14.45 11.9 3.03 3.88 43.8
12 8 Mercantile Ban 16.57 11.5 3.55 2.87 55.5
13 N/A Union Planters 20.31 12.07 2.77 3.07 56.3
14 12 AmSouth Bancor 14.98 13.46 0.85 3.81 12.7
15 17 BanPonce Corp. 12.59 9.25 2.04 2.97 25.8
16 9 Crestar Financ 9.58 7.72 6.86 2.96 65.7
N/A N/A Citizens FinanN/A N/A N/A N/A N/A
N/A N/A La Salle NatioN/A N/A N/A N/A N/A
N/A N/A Harris Bank 3 N/A N/A N/A N/A N/A
N/A N/A HSBC Americas,N/A N/A N/A N/A N/A
Mean Value for 17.74 15.3 2.79 2.94 39.6
Median Value f 15.28 13.43 2.74 3.02 37.7
SUMMARY TOTALS FOR ALL 46 PUBLICLY HELD BANKS
Mean Value for 15.84 14.109 2.76 3.14 39.4
Median Value f 14.42 12.06 2.7 3.1 39.2
part 3 of 4
Mkt.-Book Net InteNet InteEfficienEfficienNet Income
Rank Margin (Margin (Ratio % Ratio % per employee
1996 1995 1996 1996 1995 1996 1995
MEGA BANKS
15 (SR)Norwest Corp. 14.23 5.59 5.57 69.66 70.39
2 4 Citicorp 16.22 4.7 4.46 53.77 59.33
3 1 Banc One Corp. 10.48 1.04 1.55 59.07 60.53
4 8 Chase Manhatta 6.38 3.83 3.14 74.52 66.12
5 7 NationsBank Co 12.77 3.21 3.37 60.67 65.07
6 3 First Union Co 9.21 5.59 5.31 61.27 63.64
7 2 Fleet Financia 10.26 4.2 4.51 61.35 62.5
8 10 Bank America C 9.74 3.62 3.33 59.58 61.51
9 6 First Chicago 10.77 1.05 1.05 60.21 66.84
101 (SR)Wells Fargo & 5.07 6.11 5.81 68.99 55.33
11 5 J.P. Morgan & 8.49 4.21 4.46 65.98 67.72
12 11 Bankers Trust 5.26 1.48 1.37 78.64 69.9
Mean Value for 9.91 3.72 3.66 64.48 64.07
Median Value f 10 4.02 3.92 61.31 64.36
SUPEREGIONAL BANKS
1 8 Mellon Bank Co 10.63 2.28 2.01 65.6 64.99
2 3 First Bank Sys 17.41 4.02 4.16 53.39 56.52
3 4 State Street B 13.7 4.35 3.97 75.77 76.23
4 6 CoreStates Fin 7.16 4.44 4.22 57.94 61.17
5 11 Bank of New Yo 13.11 4.42 4.58 44.85 48.52
6 7 Wachovia Corp. 10.94 4.89 4.91 57.36 58.08
7 17 KeyCorp 9.76 4.26 4.61 67.38 65.57
8 9 US Bancorp , P 11.45 4.55 4.17 56.45 60.77
9 16 Barnett Banks 10.88N/A N/A 64.04 64.95
10 14 National City 9.76 4.35 4.53 62.55 66.93
11 12 Suntrust Banks 9.43 5.53 5.47 59.91 59.51
12 18 Bank of Boston 8.7 4.36 4.49 67.18 63.23
13 15 Comerica Inc., 9.38 5.28 5.38 60.39 63.63
14 10 PNC Bank Corp. 8.87 4.78 4.47 59.68 78.42
15 13 Boatmen's Banc 8.15 3.83 3.15 70.71 63.92
16 14 SouthTrust Cor 10.83 4.03 4.02 62.41 63.83
17 19 Republic NY, C 10.63 4.75 4.87 55.8 56.97
18 16 Union Bk of CA 7.11 5.24 4.88 63.99 62.63
Mean Value for 10.44 4.43 4.35 61.41 63.1
Median Value f 10.2 4.42 4.49 61.4 53
1 N/A MBNA Corp., Wi 21.13 4.11 4.15 70.54 68.07
2 1 Fifth Third Ba 11.29 4.45 4.14 49.65 47.88
3 2 Northern Trust 13.22 4.51 4.55 66.46 68.84
4 4 Marshall & Ils 10.64 4.44 4.44 67.46 65.49
5 3 Huntington Ban 9.99 4.53 4.28 58.75 59.69
6 11 Southern Natio 10.67 3.92 3.87 61 71.03
7 6 Firstar Corp. 8.51 4.41 4.38 78.32 67.89
8 N/A First Security 10.23 4.3 4.28 64.18 73.6
9 13 Summit Bancorp 7.37 5.44 5.9 57.08 62.88
10 10 Regions Financ 9.43 6.74 6.96 57 60.16
11 15 First of Ameri 8.28 4.77 4.74 63.09 63.63
12 8 Mercantile Ban 5.54 4.27 4.1 63.66 59.12
13 N/A Union Planters 4.58 4.24 4.35 72.73 61.93
14 12 AmSouth Bancor 11.51 3.48 3.41 62.01 87.15
15 17 BanPonce Corp. 11.91 3.25 3.24 68.03 70.8
16 9 Crestar Financ 4.2 5.82 5.61 57.08 62.88
Mean Value for 9.91 4.54 4.53 63.57 65.69
Median Value f 10.11 4.43 4.32 63.38 64.56
SUMMARY TOTALS FOR ALL 46 PUBLICLY HELD BANKS
Mean Value for 10.11 4.24 4.19 63.15 64.96
Median Value f 10.11 4.35 4.35 62.41 63.83
part 4 of 4
Mkt.-Book % change
Rank in employees
1996 1995 1996 1996
MEGA BANKS
15 (SR)Norwest Corp. * 22,758 14.42
2 4 Citicorp 42,371 4.81
3 1 Banc One Corp., * 27,971 8.74
4 8 Chase Manhattan Corp., * 36,306 -6.43
5 7 NationsBank Corp., * 38,939 -16.42
6 3 First Union Corp., * 33,812 -0.46
7 2 Fleet Financial Group, Inc 31,339 18
8 10 Bank America Corp., 36,833 -2.38
9 6 First Chicago NBD Corp. * 42,976 -5.42
101 (SR)Wells Fargo & Co. * 25,636 -10.58
11 5 J.P. Morgan & Co., Inc. 101,372 -0.55
12 11 Bankers Trust New York Cor 42,123 3.27
Mean Value for the group 40,203 0.58
Median Value for the group 36,570 -0.51
SUPEREGIONAL BANKS
1 8 Mellon Bank Corp., * 29,676 1.65
2 3 First Bank System, Inc.2 57,013 -1.93
3 4 State Street Boston Corp 20,510 13.72
4 6 CoreStates Financial Corp. 33,962 40.56
5 11 Bank of New York Co., Inc. 63,127 4.76
6 7 Wachovia Corp. 40,295 0
7 17 KeyCorp 28,278 -6.34
8 9 US Bancorp , Portland * 2 34,073 -0.18
9 16 Barnett Banks Inc. 28,914 -7.8
10 14 National City Corp. 28,056 26.43
11 12 Suntrust Banks, Inc. 29,555 7.46
12 18 Bank of Boston Corp. * 29,555 -7.21
13 15 Comerica Inc., Detroit * 37,653 -14.78
14 10 PNC Bank Corp. 40,665 -8.81
15 13 Boatmen's Bancshares, Inc. 26,741 14.84
16 14 SouthTrust Corp. 27,983 16.54
17 19 Republic NY, Corp. 73,499 16.81
18 16 Union Bk of CA NA * 26,154 -4.91
Mean Value for the group 36,428 5.05
Median Value for the group 29,616 0.83
1 N/A MBNA Corp., Wilmington, De 36,026 17
2 1 Fifth Third Bancorp 51,162 7.22
3 2 Northern Trust Corp. 37,329 6.16
4 4 Marshall & Ilsey Corp. 24,884 -0.44
5 3 Huntington Bancshares, Inc 33,027 5.1
6 11 Southern National Corp. 36,367 1.3
7 6 Firstar Corp. 29,900 -9.67
8 N/A First Security Corp. * 25,344 -6.81
9 13 Summit Bancorp, * 31,253 11.78
10 10 Regions Financial Corp. 28,183 31.35
11 15 First of America Bank Corp 21,146 -4.27
12 8 Mercantile Bancorp, Inc.* 24,328 14.05
13 N/A Union Planters Corp. 22,614 15.87
14 12 AmSouth Bancorp 35,352 -11.43
15 17 BanPonce Corp., San Juan 23,147 4.14
16 9 Crestar Financial Corp. 32,351 -2.03
N/A N/A Citizens Financial Group, 31,515 46.35
N/A N/A La Salle National Corp. 3 51,946 1.42
N/A N/A Harris Bank 3 71.68 23,439
N/A N/A HSBC Americas, Inc.3 47,613 -2.57
Mean Value for the group 30,776 4.96
Median Value for the group 30,577 4.62
SUMMARY TOTALS FOR ALL 46 PUBLICLY HELD BANKS
Mean Value for all 46 bank 30,776 4.96
Median Value for all 46 ba 30,577 4.62
