The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
Total assets of banks
Stability in the banking sector in the United States
All the big four banks in the United States had a common equity tier 1 (CET1) capital ratio well above the required 4.5 percent in the second quarter of 2023. JPMorgan Chase had a CET1 ratio of 13.82 percent, while the highest CET1 ratio among banks in the United States during this period was 17 percent, which was reported by TD Bank, the tenth-largest bank in the United States in 2023.
FAQs
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
What is the largest bank in the US by asset size? ›
JPMorgan Chase
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
What is the total assets of the Bank of America in 2023? ›
Moreover, 2022 marked the first year of decreasing total assets after ninth consecutive years that the total assets of Bank of America increased compared to the previous year. In 2023, the total assets of the bank of America amounted to approximately 3.18 trillion U.S. dollars.
Which US bank currently has the most assets? ›
#1 Chase Bank
Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.
What are the 50 largest banks in the US? ›
List of largest banks in the United States
| Rank | Bank name | Total assets (billions of US$) |
|---|
| 1 | JPMorgan Chase | $3,898 |
| 2 | Bank of America | $3,153 |
| 3 | Citigroup | $2,368 |
| 4 | Wells Fargo | $1,909 |
82 more rowsBy total assets
| Rank | Bank name | Total assets (2022) (US$ billion) |
|---|
| 1 | Industrial and Commercial Bank of China Limited | 5,742.86 |
| 2 | China Construction Bank | 5,016.81 |
| 3 | Agricultural Bank of China | 4,919.03 |
| 4 | Bank of China | 4,192.12 |
96 more rowsThe SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.
How big is US Bank in assets? ›
The Bankrate promise
| RANK | BANK NAME | TOTAL ASSETS |
|---|
| 5 | U.S. Bancorp | $650.7 billion |
| 6 | PNC Financial Services | $557.5 billion |
| 7 | Truist Bank | $527.5 billion |
| 8 | Goldman Sachs | $521.1 billion |
11 more rowsApr 2, 2024
As of Jan. 31, 2024, JP Morgan & Chase held the title of the largest bank in the world by market capitalization.
What are the total assets of US Bank? ›
U.S Bancorp total assets for 2023 were $663.491B, a 1.68% decline from 2022. U.S Bancorp total assets for 2022 were $674.805B, a 17.71% increase from 2021. U.S Bancorp total assets for 2021 were $573.284B, a 3.5% increase from 2020.
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
What is the most stable bank in the United States? ›
Among the safest US banks, according to Global Finance's November 2022 rankings, are AgriBank, US Bank, CoBank, AgFirst Bank, and Farm Credit Bank of Texas, primarily for those in the agricultural sector.
Which is the No 1 bank of USA? ›
1. JPMorgan Chase & Co. Established in 1799, JPMorgan Chase & Co. is a global investment bank and financial services company that's based in New York. It offers a wide range of banking products including deposit accounts, credit cards, home loans, auto loans and business banking.
What bank ranks by total assets? ›
JPMorgan Chase & Co., the largest US bank by total assets, reported a 0.8% sequential increase, while Bank of America Corp. and Wells Fargo & Co. reported sequential asset growth of 1.0% and 1.8%, respectively. Citigroup Inc. reported a sequential decline of $55.20 billion in total assets, or 2.3%.
Who are the largest shareholders of US bank? ›
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, MUFG Bank, Ltd., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, and Geode Capital Management, Llc ...
What is the largest bank in the US by deposits? ›
Is US Bank the 5th largest bank? ›
The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.
What banks are Tier 2? ›
The only tier one investment bank might be JPMorgan Chase because it ranks first or second globally across most product areas. Tier two would be Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, and Citigroup. Examples of tier three would be UBS, BNP Paribas, and SocGen.
