Largest U.S. banks by assets 2023 | Statista (2024)

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

As the largest bank in the United States, JPMorgan Chase had total assets worth around 3.4 trillion U.S. dollars in 2023. Despite being the bank with the highest market capitalization in the world, the bank ranked only fifth in terms of total assets worldwide, while the top four positions were all held by Chinese 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.

Largest U.S. banks by assets 2023 | Statista (2024)

FAQs

Largest U.S. banks by assets 2023 | Statista? ›

JPMorgan Chase was the leading bank in the United States as of December 2023, with its market share of total assets amounting to 8.56 percent. This means that the value of assets of JPMorgan Chase was equivalent to 8.56 percent of the total value of assets of all FDIC-insured institutions in the United States.

What is the largest bank by assets 2023? ›

Combined assets of Big 4 increase

Aggregate assets at the four largest US banks increased $70.69 billion, or 0.6%, in the fourth quarter of 2023. However, JPMorgan Chase & Co., the largest US bank by total assets, reported a sequential decrease of $22.94 billion, or 0.6%, while Bank of America, Citigroup Inc.

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.

Which U.S. Bank currently has the most assets? ›

#1 Chase Bank

Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.

What are the 50 largest banks in the US? ›

List of largest banks in the United States
RankBank nameHeadquarters location
1JPMorgan ChaseNew York City
2Bank of AmericaCharlotte, North Carolina
3CitigroupNew York City
4Wells FargoSan Francisco, California
82 more rows

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.
Jan 4, 2024

Which 5 banks failed 2023? ›

Earlier last year Silicon Valley Bank failed March 10, 2023, and then Signature Bank failed two days later, ending the unusual streak of more than 800 days without a bank failure. Before Citizens Bank failed in November 2023, Heartland Tri-State Bank failed July 28, 2023 and First Republic Bank failed May 1, 2023.

What are the five largest US banks? ›

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 three largest US banks? ›

The 15 Biggest Banks in the US
RankingBank NameAssets
1JPMorgan Chase$3.40 trillion
2Bank of America$2.54 trillion
3Wells Fargo$1.73 trillion
4Citibank$1.68 trillion
11 more rows
Apr 23, 2024

Which is the No. 1 bank of the USA? ›

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.

What is the strongest US bank? ›

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.

Which bank is safest in the USA? ›

Safest Banks in the U.S.
  • CITIBANK. ...
  • WELLS FARGO. ...
  • CAPITAL ONE. ...
  • M&T BANK CORPORATION. ...
  • AGRIBANK. ...
  • COBANK. ...
  • AGFIRST. ...
  • FARM CREDIT BANK OF TEXAS. Farm Credit Bank of Texas is the fourth member of the U.S. Farm Credit System, providing wholesale lending and business services in states like Texas, Alabama, and New Mexico.
Feb 13, 2024

What banks are most at risk? ›

These Banks Are the Most Vulnerable
  • 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) .
Mar 16, 2023

Who owns most of the US bank? ›

Vanguard is the largest U.S. Bancorp shareholder, with 8.77% ownership while Blackrock owns 7.30%. Their total institutional holdings are valued at $5.15 billion and $4.29 billion, respectively. Meanwhile, here are the other institutional investors with more than 2% ownership of U.S. Bancorp. State Street Corp.

Who owns Chase Bank? ›

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. Si tienes alguna pregunta, por favor llama o visita una sucursal local de Chase.

What is the largest bank in the US 2023? ›

JPMorgan Chase & Co., the largest US bank by total assets, reported a 0.8% sequential increase, while Bank of America Corp. and Wells Fargo & Co. reported sequential asset growth of 1.0% and 1.8%, respectively.

What is the world's largest bank by assets? ›

Industrial and Commercial Bank of China

What bank has the largest assets? ›

The Bankrate promise
RANKBANK NAMETOTAL ASSETS
1JPMorgan Chase$3.40 trillion
2Bank of America$2.54 trillion
3Wells Fargo$1.73 trillion
4Citigroup$1.68 trillion
11 more rows
Apr 2, 2024

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