Pr0fitability for the nation's largest banks declined in the first quarter, an American Banker survey found. But analysts insisted the industry remains strong and predicted future growth.

The survey, which looked at 61 banks, revealed that money-centers, banks with $70 billion or more in assets, earned a return on average assets of 1.02%, while in the same period last year they earned 1.11%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.