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 in 2023? ›
What are the largest US banks by assets? ›
Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.
How big are the assets of the U.S. Bank in 2023? ›
$663 billion in assets as of December 31, 2023.
What are the 10 largest banks in the United States? ›
All information is accurate as of February 8, 2024.
- JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. ...
- Bank of America. ...
- Wells Fargo. ...
- Citibank. ...
- U.S. Bank. ...
- PNC Bank. ...
- Goldman Sachs Bank. ...
- Truist Bank.
- JPMorgan Chase – $3.31 Trillion.
- Bank of America – $2.41 Trillion.
- Citigroup – $1.714 Trillion.
- Wells Fargo & Co. – $1.712 Trillion.
- U.S. Bancorp – $591.21 Billion.
- PNC Financial Services – $553.39 Billion.
- Truist Financial Corporation – $534.19 Billion.
- Goldman Sachs – $513.91 Billion.
The Bankrate promise
| 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 |
11 more rowsApr 2, 2024
As of early 2024, the five largest shareholders of U.S. Bancorp were:
- The Vanguard Group: 8.6% of its shares outstanding.
- BlackRock: 4.8%.
- MUFG Bank: 4.4%
- State Street: 4.2%.
- JP Morgan: 3.4%.
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.
Which U.S. Bank has the most cash? ›
Chase Bank
JPMorgan Chase has $3.4 trillion in consolidated assets and operations worldwide. The bank had 4,905 domestic branches as of December 2023, according to Federal Reserve data, and boasts more than 15,000 ATMs.
About the FDIC:
| Bank NameBank | CityCity | Closing DateClosing |
|---|
| Republic First Bank dba Republic Bank | Philadelphia | April 26, 2024 |
| Citizens Bank | Sac City | November 3, 2023 |
| Heartland Tri-State Bank | Elkhart | July 28, 2023 |
| First Republic Bank | San Francisco | May 1, 2023 |
55 more rowsApr 26, 2024
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.
How much did Warren Buffett invest in Bank of America? ›
BofA makes up 9.03% of Berkshire Hathaway's portfolio, the firm's second largest investment, according to Benzinga.com. As of Q1 2023, Buffett's BofA holdings were worth $35.5 billion, StockCircle.com reported.
What is the most secure bank in America? ›
Chase Bank
All ratings are determined solely by our editorial team. JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list.
What US bank is in all 50 states? ›
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.
What are the big 4 banks in us? ›
Ranking the Big Four Banks
| Rank | Big Four Bank | Market capitalisation (billions) |
|---|
| 1 | CBA | $201.53 |
| 2 | NAB | $107.57 |
| 3 | Westpac | $90.80 |
| 4 | ANZ | $88.42 |
Apr 22, 2024
About the FDIC:
| Bank NameBank | CityCity | Closing DateClosing |
|---|
| Heartland Tri-State Bank | Elkhart | July 28, 2023 |
| First Republic Bank | San Francisco | May 1, 2023 |
| Signature Bank | New York | March 12, 2023 |
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
55 more rowsApr 26, 2024
Overview of 10 Best Banks in India 2023
- State Bank of India (SBI) State Bank of India, the largest public sector no. ...
- HDFC Bank. HDFC Bank is a leading private sector bank known for its robust financial performance. ...
- ICICI Bank. ...
- Punjab National Bank (PNB) ...
- Bank of Baroda (BoB) ...
- Axis Bank. ...
- Canara Bank. ...
- Union Bank of India.
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.
