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? ›
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? ›
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
What are the 50 largest banks in the US? ›
List of largest banks in the United States
| 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 |
82 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 | $521.1 billion |
11 more rowsApr 2, 2024
What Is the Largest Bank in the World? As of Jan. 31, 2024, JP Morgan & Chase held the title of the largest bank in the world by market capitalization.
What are the total assets of US bank? ›
What is the strongest US bank? ›
J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
By total assets
| Rank | Bank name | Total assets (2022) (US$ 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 rowsJPMorgan Chase Bank
New York-based JPMorgan Chase Bank tops the Federal Reserve's list of largest banks by consolidated assets owned at $3.40 trillion, of which $2.65 trillion represents assets owned domestically.
What are the 10 strongest banks in the US? ›
The Federal Reserve lists U.S. banks' consolidated assets and number of domestic branches, as of June 30, 2023:
- JPMorgan Chase. At the top of the list, JPMorgan Chase holds close to $3.38 trillion in assets. ...
- Bank of America. ...
- Citi. ...
- Wells Fargo. ...
- U.S. Bank/U.S. Bancorp. ...
- PNC. ...
- Truist Bank. ...
- Goldman Sachs.
U.S. Bancorp is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.7% of shares outstanding.
What is the largest bank in the US by deposits? ›
What are the 3 largest US banks? ›
The 15 Biggest Banks in the US
| Ranking | Bank Name | Assets |
|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citibank | $1.68 trillion |
11 more rowsMar 16, 2024
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 are the 10 largest banks in the US? ›
The nation's biggest banks include both traditional retail banks and investment banks. While Chase, Bank of America, Wells Fargo and Citi stand out as big banks, U.S. Bank, PNC Bank, Goldman Sachs, Truist Bank, Capital One and TD Bank round out the 10 largest banks in the U.S.
