Top 50 Largest Banks in the US: A Comprehensive List 2024

Top 50 Largest Banks in the US A Comprehensive List 2024

Curious about the largest banks in the US and its net worth? Ando Money here, diving into the impressive figures and what they mean for the financial industry. Let’s explore!

Top 50 Largest Banks in the US by Total Assets

Bank NameHeadquarters LocationTotal Assets (billions of US$)Market Capitalization (billions of US$)
JPMorgan ChaseNew York City$3,874$491.76
Bank of AmericaCharlotte, North Carolina$3,181$266.46
CitigroupNew York City$2,412$98.45
Wells FargoSan Francisco, California$1,932$178.75
Goldman SachsNew York City$1,642$125.80
Morgan StanleyNew York City$1,194$153.05
U.S. BancorpMinneapolis, Minnesota$683$67.39
PNC Financial ServicesPittsburgh, Pennsylvania$562$61.68
Truist FinancialCharlotte, North Carolina$535$49.24
TD Bank, N.A.Cherry Hill, New Jersey$523$100.30
Charles Schwab CorporationWestlake, Texas$493$125.39
Capital OneMcLean, Virginia$478$49.94
The Bank of New York MellonNew York City$410$40.03
State Street CorporationBoston, Massachusetts$297$23.90
BMO USAChicago, Illinois$293$68.12
American ExpressNew York City$261$136.52
Citizens Financial GroupProvidence, Rhode Island$222$15.45
HSBC Bank USANew York City$220$155.81
Fifth Third BankCincinnati, Ohio$215$23.49
First Citizens BancSharesRaleigh, North Carolina$214$20.47
USAASan Antonio, Texas$212N/A
M&T BankBuffalo, New York$208$22.75
Ally FinancialDetroit, Michigan$196$10.53
UBSNew York City$1,607$97.48
Huntington BancsharesColumbus, Ohio$189$18.42
KeyCorpCleveland, Ohio$188$13.48
BarclaysNew York City$1.996$38.37
AmeripriseMinneapolis, Minnesota$175$38.44
RBC BankToronto, Ontario$168$137.70
Santander BankBoston, Massachusetts$165$66.55
Regions Financial CorporationBirmingham, Alabama$153$18.02
Discover FinancialRiverwoods, Illinois$152$28.11
Northern TrustChicago, Illinois$151$17.47
Synchrony FinancialStamford, Connecticut$117$15.80
New York Community BankHicksville, New York$114$7.39
Deutsche BankNew York City$1,450$30.85
ComericaDallas, Texas$86$7.36
First Horizon National Corp.Memphis, Tennessee$82$7.91
Raymond James FinancialSt. Petersburg, Florida$80$23.40
Mizuho Financial GroupNew York City$78$43.23
Webster BankStamford, Connecticut$75$8.73
CIBC Bank USAChicago, Illinois$72$42.22
Western Alliance BancorporationPhoenix, Arizona$71$7.20
Popular, Inc.San Juan, Puerto Rico$69$5.92
East West BankPasadena, California$69$10.14
BNP ParibasNew York City$2,940$70.89
Valley BankWayne, New Jersey$61$5.51
SynovusColumbus, Georgia$60$5.51
John DeereReno, Nevada$59$4.34
Wintrust FinancialRosemont, Illinois$56$5.68
See also  What is the Northern Trust Net Worth/ Market Cap in 2024: Finance Performance Overview

FAQs about Largest Banks in America

FAQs about Largest Banks in America

What are the largest banks in the US by total assets?

The largest banks in the United States by total assets are:

  1. JPMorgan Chase: $3,874 billion
  2. Bank of America: $3,181 billion
  3. Citigroup: $2,412 billion
  4. Wells Fargo: $1,932 billion
  5. Goldman Sachs: $1,642 billion

How do these banks rank globally?

American banks rank prominently on the global stage. JPMorgan Chase is the largest US bank and ranks among the top globally. Bank of America and Citigroup also hold significant positions worldwide.

What services do the largest US banks offer?

The largest US banks offer a wide range of services:

  • Checking and savings accounts
  • Credit cards and loans
  • Investment and wealth management
  • Corporate banking
  • Online and mobile banking services

How do these banks ensure customer security?

Security measures include:

  • Encryption technology
  • Two-factor authentication
  • Fraud monitoring systems
  • Regular security updates

What is the branch and ATM network like for these banks?

JPMorgan Chase has over 4,700 branches and more than 16,000 ATMs. Bank of America has approximately 4,300 branches and 17,000 ATMs. Wells Fargo operates around 4,900 branches and 13,000 ATMs.

What are the primary business segments of these banks?

The primary business segments are:

  • Retail Banking: Personal banking services.
  • Corporate Banking: Services for businesses.
  • Investment Banking: Advisory services, mergers, and acquisitions.
  • Wealth Management: Financial planning and investment services.

How have recent economic conditions affected these banks?

Recent economic conditions, including the COVID-19 pandemic, have impacted these banks through:

  • Increased loan defaults
  • Changes in interest rates
  • Volatile markets affecting investment banking
See also  What is the Fifth Third Bank Net Worth/ Market Cap in 2024: Finance Performance Overview

What innovations are these banks implementing?

Innovations include:

  • Advanced mobile banking apps
  • AI-driven customer service
  • Blockchain technology for transactions
  • Sustainability initiatives in financing

How do these banks support small businesses?

Support for small businesses includes:

  • Small business loans
  • Merchant services
  • Payroll services
  • Business credit cards

What are the future trends for the largest US banks?

Future trends involve:

  • Increased digitization
  • Enhanced customer personalization
  • Expansion of financial technology partnerships
  • Focus on sustainable finance

Conclusion

Thanks for joining me on this journey through the biggest banks in the US. For more detailed insights, head over to andomoney.com. See you there!

Leave a Reply

Your email address will not be published. Required fields are marked *