Largest Banks In The U.S. 2024 (2024)

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Wondering which banks are the biggest and just how big these giants really are?

The Federal Reserve publishes regular updates on the largest banks in the U.S. by asset size. By familiarizing yourself with these major players, you can better understand the market and make informed decisions about where to bank.

Summary of the Largest Banks in the U.S.

Ranking Bank Headquarters Total Assets Total Branches Learn morelearn_more_cta_below_textLEARN MORE
1 JPMorgan ChaseNew York, NY $3.3 trillion 4,800+https://www.forbes.com/advisor/banking/chase-bank-review/Learn More
2 Bank of AmericaCharlotte, North Carolina $2.4 trillion 3,700+https://www.forbes.com/advisor/banking/bank-of-america-review/Learn More
3Wells FargoSan Francisco, California $1.7 trillion 4,400+https://www.forbes.com/advisor/banking/wells-fargo-bank-review/Learn More
4CitibankNew York, New York $1.6 trillion 650+https://www.forbes.com/advisor/banking/citibank-review/Learn More
5 U.S. BankMinneapolis, Minnesota $657 billion 2,300+https://www.kqzyfj.com/click-100640841-15781424?sid=P822938463_C1713242672480657116On U.S. Bank's Website, Member FDICLearn More
6PNC BankPittsburgh, Pennsylvania $553 billion 2,400+https://www.forbes.com/advisor/banking/pnc-bank-review/Learn More
7Goldman Sachs BankNew York, New York$538 billion 2https://www.forbes.com/advisor/banking/marcus-by-goldman-sachs-review/Learn More
6 Truist BankCharlotte, North Carolina $535 billion 2,000+https://www.forbes.com/advisor/banking/bbt-now-truist-review/Learn More
9 Capital OneMcLean, Virginia $468 billion280+https://www.forbes.com/advisor/banking/capital-one-360-bank-review/Learn More
10TD BankCherry Hill, New Jersey $366 billion 1,100+https://www.forbes.com/advisor/banking/td-bank-review/Learn More

Biggest Banks in America

From Chase Bank to TD Bank, these 10 institutions are the largest banks in the U.S. Read on to learn about each bank and find individual reviews.

All information is accurate as of February 8, 2024.

1. 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.

With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country. In addition to consumer banking, it offers business banking, community banking, investment and asset management services and more.

  • Assets: $3.38 trillion
  • Total branches: over 4,800

Read our full Chase Bank Review.

2. Bank of America

Bank of America follows Chase as one of the largest U.S. banks with over $2.4 trillion in assets. It provides extensive banking services to both individuals and businesses with a network of more than 3,700 branches in the U.S., plus a couple of dozen foreign branches.

In addition to full-service banking, Bank of America offers investment and wealth management through Merrill (formerly Merrill Lynch). Bank of America has an edge for those who like the idea of relationship banking, with perks for those who qualify for its Preferred Rewards Program.

  • Assets: $2.4 trillion
  • Total branches: 3,700+

Read our full Bank of America Review.

3. Wells Fargo

Headquartered in San Francisco, Wells Fargo is the fourth largest bank in the U.S. with over $1.7 trillion in assets. It’s a full-service institution offering consumer and commercial banking, mortgage and home equity lending, credit cards, investment banking and wealth management.

Wells Fargo has about 4,400 branches and 12,000 ATMs across the country, making it a prolific U.S. institution that stands out for in-person access.

  • Assets: $1.7 trillion
  • Total branches: 4,400

Read our full Wells Fargo Review.

4. Citibank

Part of Citigroup, Citibank is a leading global bank providing various financial products and services to clients worldwide. It has over $1.6 trillion in assets with the bulk of this coming from U.S.-based customers but has a somewhat limited network of over 650 domestic branches.

The bank offers a range of services including consumer banking, commercial banking, investment banking and wealth management.

  • Assets: $1.6 trillion
  • Total branches: 659

Read our full Citibank Review.

5. U.S. Bank

U.S. Bank has over $650 billion in assets, which is significantly less than the four biggest banks—each with over $1 trillion in assets—but enough to earn spot number five. This sizable bank is operated by Minneapolis-based parent company U.S. Bancorp.

U.S. Bank has acquired several smaller banks over the years, growing with each acquisition.

  • Assets: $657 billion
  • Total branches: 2,300+

Read our full U.S. Bank Review.

6. PNC Bank

PNC Bank, a subsidiary of PNC Financial Services Group, provides comprehensive financial services and solutions to both individuals and businesses. It’s one of the largest U.S. banks with $553 billion in assets but is the most popular bank in only one state: Pennsylvania.

  • Assets: $553 billion
  • Total branches: 2,400+

Read our full PNC Bank Review.

7. Goldman Sachs Bank

Goldman Sachs Bank focuses on investment banking services. Its parent company, Goldman Sachs, is headquartered in New York City. Goldman Sachs Bank has over $538 billion in consolidated assets, easily earning it a place as one of the biggest banks in the U.S.

You might have heard of Goldman Sachs’ online banking arm, Marcus by Goldman Sachs. It regularly lands on Forbes Advisor’s Best CD Rates and Best High-Yield Savings Accounts lists.

  • Assets: $538 billion
  • Total branches: 2

Read our full Marcus By Goldman Sachs Review.

8. Truist Bank

Born of a 2019 merger between BB&T and SunTrust Bank, Truist Bank offers a wide array of banking and financial services. Truist Bank has about $535 billion in assets with a footprint of roughly 2,000 branches concentrated along the East Coast and in the South.

  • Assets: $535 billion
  • Total branches: 2,000

Read our full Truist Bank Review.

9. Capital One

Known for credit cards, Capital One has been a household name for many years. It has about $468 billion in assets, held almost entirely in the U.S. Capital One is different from other big banks. It’s a hybrid bank with competitive online-forward accounts and a limited branch network.

  • Assets: $468 billion
  • Total branches: 280+

Read our full Capital One 360 Banking Review.

10. TD Bank

A subsidiary of Toronto-Dominion Bank, TD Bank is one of the largest U.S. banks with over $366 billion in assets and more than 1,100 branches throughout the East Coast and Northeast. It offers a diverse range of services and stands out for its personalized banking products.

  • Assets: $366 billion
  • Total branches: 1,100+

Read our full TD Bank Review.

Which Bank Has the Most Branches?

Chase is not only the largest bank by asset size but it also takes the lead with the most domestic branches. It has over 4,800 branches sprinkled across the lower 48 states. Wells Fargo and Bank of America follow closely behind, with over 4,400 and 3,700 branches, respectively.

Because these banks have a nationwide presence, there’s a good chance there’s a branch or ATM in your area.

What Is the Most Popular Bank?

Among the 10 largest institutions, a few of the most popular banks include Wells Fargo, Chase, Bank of America and U.S. Bank. The top bank varies by state and can depend on factors such as branch and ATM access, reputation and recognizability. In some areas, small, regional banks are more popular than larger banks, in part because they have more convenient branches.

What Is the Richest Bank in America?

JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country.

Total assets include everything a bank owns, from loans and investments to physical assets like buildings and equipment. JPMorgan Chase is also the largest bank by market capitalization, a measure of a company’s value in terms of stock holdings.

Find The Best Online Banks Of 2024

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Frequently Asked Questions (FAQs)

Should you choose one of the largest banks in the U.S.?

Size isn’t everything when it comes to banks. The best banks have low fees, competitive interest rates and good customer service, and you can find these things with banks big and small. Some people prefer to bank with large, established institutions and others prefer the high rates and low fees of emerging online banks.

Are large banks safer than small banks?

Both large and small banks are subject to the same regulatory requirements and are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per account ownership category. Therefore, larger banks are not inherently safer than smaller banks.

What are the drawbacks of big banks?

The biggest drawback of big banks is that they can sometimes have high overhead and operating costs. This can translate to more fees and lower interest rates on consumer accounts. Large banks may also have longer processing and customer service wait times, but this depends on the institution.

What are the top five banks in America?

The top five banks in America are JPMorgan Chase, Bank of America, Citibank, Wells Fargo and U.S. Bank. These are the largest U.S. banks by assets and among the largest in the world.

Largest Banks In The U.S. 2024 (2024)

FAQs

What are the 10 largest banks 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. Key Takeaways: Chase is the largest bank in the country, holding over $3.38 trillion in assets.

What is America's best bank in 2024 Forbes? ›

City National Bank has been named the top bank in the country on the Forbes list of America's Best Banks 2024. The 200 largest publicly-traded banks and thrifts by assets were eligible, and City National led the rankings at number 1.

What are the top 50 banks in the US? ›

List of largest banks in the United States
RankBank nameTotal assets (billions of US$)
1JPMorgan Chase$3,898
2Bank of America$3,153
3Citigroup$2,368
4Wells Fargo$1,909
82 more rows

What are the big 4 banks in the US? ›

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 is the No. 1 bank of the USA? ›

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. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.

What are the top 5 big banks? ›

Key Takeaways. The largest five banks by market capitalization are JP Morgan & Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank.

What bank do most millionaires use? ›

The Most Popular Banks for Millionaires
  1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
  2. Bank of America Private Bank. ...
  3. Citi Private Bank. ...
  4. Chase Private Client.
Jan 29, 2024

What is the most stable bank in America? ›

Summary: Safest Banks In The U.S. Of April 2024
BankForbes Advisor RatingLearn More
Chase Bank5.0Learn More Read Our Full Review
Bank of America4.2
Wells Fargo Bank4.0Learn More Read Our Full Review
Citi®4.0
1 more row
Jan 29, 2024

What is the most trustworthy bank? ›

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.

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

Which US bank has the most employees? ›

The bank had 4,905 domestic branches as of December 2023, according to Federal Reserve data, and boasts more than 15,000 ATMs. JPMorgan Chase also has a large international presence, with operations in more than 100 global markets and 250,000-plus employees worldwide.

What is the largest bank failure in the US? ›

Washington Mutual Seattle

What is the richest bank in the United States? ›

  • JPMorgan Chase – $3.31 Trillion. ...
  • Bank of America – $2.41 Trillion. ...
  • Citigroup – $1.714 Trillion. ...
  • Wells Fargo & Co. ...
  • U.S. Bancorp – $591.21 Billion. ...
  • PNC Financial Services – $553.39 Billion. ...
  • Truist Financial Corporation – $534.19 Billion. ...
  • Goldman Sachs – $513.91 Billion.
Jan 4, 2023

What big 4 banks are too big to fail? ›

Companies Considered Too Big to Fail

Bank of America Corp. The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc.

Who owns Chase Bank? ›

Today, JPMorgan Chase remains a publicly traded company, which means it's owned by its shareholders. It trades on the New York Stock Exchange under the ticker "JPM." Since it's publicly traded, anyone with a brokerage account can invest in the stock and become part owner of JPMorgan Chase.

Who are the 5 largest banks in the US? ›

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's the richest bank in America? ›

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
Mar 16, 2024

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 is the richest bank in the world? ›

The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets. Among the biggest lenders in the world, ICBC continues to steadily remain near the top, along with the likes of the Bank of America.

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