What is the most popular banking institution?
The top five banks in America are JPMorgan Chase, Bank of America, Citibank, Wells Fargo and U.S. Bank.
J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
- Industrial and Commercial Bank of China (ICBC) Total Assets: $6.118 Trillion. ...
- Wells Fargo. Total Assets: $1.886 Trillion. ...
- HSBC. Total Assets: $2.989 Trillion. ...
- Morgan Stanley. Total Assets: $1.199 Trillion. ...
- China Construction Bank (CCB) Total Assets: $5.376 Trillion.
The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets. Among the biggest lenders in the world, ICBC continues to steadily remain near the top, along with the likes of the Bank of America.
With its headquarters in Mumbai, SBI is India's largest public sector bank. It has 22,405 branches in India, holds a 23 percent market share, and has a strong presence abroad, with more than 233 foreign branches in 36 countries.
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco, California |
Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
Which bank is World No 1?
As of Jan. 31, 2024, JP Morgan & Chase held the title of the largest bank in the world by market capitalization.
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
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.
Commercial banks make money by providing and earning interest from loans [...]. Customer deposits provide banks with the capital to make these loans. Traditionally, money earned in the form of interest from loans often accounts for up to 65% of a banks' revenue model.
New York City remains the largest centre for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy.
What bank operates in all 50 states? No bank currently operates a branch location in all 50 states, though several of the nation's largest institutions come close. Chase Bank, for one, has over 4,700 branch locations in 49 states and Washington D.C. Wells Fargo also offers around 4,600 branches in 36 states.
Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.
JPMorgan Chase & Co. is the name of the holding company and the firm serves its customers and clients under its Chase and JPMorgan brands.
| Bank | The Ascent's Rating | FDIC Insured? |
|---|---|---|
| Capital One | 4.50 | Yes |
| American Express® National Bank | 4.50 | Yes |
| Quontic | 4.50 | Yes |
| Chase | 4.50 | Yes |
What bank is safest right now?
| Bank | Assets | FDIC Insured? |
|---|---|---|
| Bank of America | $2.54 trillion | Yes |
| Wells Fargo | $1.73 trillion | Yes |
| Citi | $1.68 trillion | Yes |
| U.S. Bank | $651 billion | Yes |
2024 in Brief
There are no bank failures in 2024. See detailed descriptions below.
The GSIBs include large firms such as JPMorgan Chase, Bank of America, Wells Fargo WFC, and Citigroup—banks so critical to the operations of the global financial system that they're unlikely to be allowed to collapse.
| SHFS | SHF Holdings | $0.50 |
|---|---|---|
| WAL | Western Alliance | $27.32 |
| ECBK | ECB Bancorp | $11.24 |
| PACW | PacWest Bancorp | $5.97 |
| FFWM | First Foundation | $4.35 |
Deposits are insured up to $250,000 per depositor, per ownership category at Capital One. Deposit insurance is calculated dollar-for-dollar—that includes principal plus any interest accrued.
