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
As the largest bank in the United States, JPMorgan Chase had total assets worth around 3.4 trillion U.S. dollars in 2023.
What is the largest bank in the US by asset size? ›
JPMorgan Chase – $3.5 trillion
Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets. The bank operates 4,912 domestic branches and 32 foreign branches.
How big are the assets of the US bank in 2023? ›
$663 billion in assets as of December 31, 2023.
What is the largest bank in the US in 2023? ›
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets.
What are the top 10 banks by market cap in the US? ›
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.
What are the 4 largest US banks? ›
List of largest banks in the United States
Rank | Bank name | Market capitalization (billions of US$ as of 12/31/2023) |
---|
1 | JPMorgan Chase | $491.76 |
2 | Bank of America | $266.46 |
3 | Citigroup | $98.45 |
4 | Wells Fargo | $178.75 |
69 more rows
What are the safest banks in the US? ›
Summary: Safest Banks In The U.S. Of September 2024
Bank | Forbes Advisor Rating | Products |
---|
Chase Bank | 5.0 | Checking, Savings, CDs |
Bank of America | 4.2 | Checking, Savings, CDs |
Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
Citi® | 4.0 | Checking, savings, CDs |
1 more rowAug 30, 2024
What are the top 5 biggest banks in the world? ›
Key Takeaways. The five largest banks by market capitalization are JPMorgan Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank.
Which are the big four banks? ›
ANZ, Commbank, NAB & Westpac.
How much did Warren Buffett invest in Bank of America? ›
Berkshire Hathaway first invested in Bank of America in 2011 when the group bought $5bn of preferred stock in the then-beleaguered bank through a private deal. Shares of Bank of America were up 1.7% at $39.4 at the time of publication, while year to date the stock is up 17.1%, according to data from MarketWatch.
2023 list of failed banks
Failed banks | Date closed |
---|
Heartland Tri-State Bank, Elkhart, Kansas | 07/28/2023 |
First Republic Bank, San Francisco | 05/01/2023 |
Signature Bank, New York | 03/12/2023 |
Silicon Valley Bank, Santa Clara, Calif. | 03/10/2023 |
1 more rowJul 2, 2024
What is the safest bank 2023? ›
World's 50 Safest Banks|2023
- OP Corporate Bank. ...
- Kiwibank. -
- Agence France Locale. ...
- BNP Paribas. ...
- Crédit Agricole. -
- UBS. ...
- Banque Fédérative du Crédit. -
- HSBC. -
What bank do most Americans use? ›
The five largest banks in America are JPMorgan Chase, Bank of America, Wells Fargo, Citibank and U.S. Bank.
What are the top Tier 1 banks in USA? ›
# | Institution | # Emp |
---|
1 | JPMorgan Chase & Co. | 227,738 |
2 | Bank of America Corporation | 134,314 |
3 | Wells Fargo & Company | 198,788 |
4 | Citibank | 177,763 |
42 more rows
What is the most profitable bank in the US? ›
JPMorgan Chase dominated the U.S. banking landscape in 2023, reporting a net income of 47.5 billion U.S. dollars, almost 20 billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly 22 billion U.S. dollars.
Which bank has the most branches in the USA? ›
Largest banks in the U.S. 2024, by number of branches
As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with 5,110 branches nationwide.
What is the largest bank in terms of assets? ›
Biggest Banks in the World 2024
- 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.
Which bank has the biggest asset? ›
According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.
What is the asset size of the US Bank? ›
Top 250 U.S. Banks by Asset Size (2024)
| Institution Name | Total Assets |
---|
5 | U.S. BANK NATIONAL ASSOCIATION | $669,425,523 |
6 | PNC BANK, NATIONAL ASSOCIATION | $561,950,304 |
7 | GOLDMAN SACHS BANK USA | $549,188,000 |
8 | TRUIST BANK | $526,714,000 |
149 more rowsJun 28, 2024