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? ›

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.

What is the largest bank in the US by asset size? ›

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 is the total assets of the Bank of America in 2023? ›

Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.

Which US 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 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 top banks based on asset size? ›

Chinese Banks Keep on Growing
RankBankHeadquarters
1Industrial and Commercial Bank of China🇨🇳 China
2China Construction Bank Corp🇨🇳 China
3Agricultural Bank of China🇨🇳 China
4Bank of China🇨🇳 China
46 more rows
Mar 19, 2024

How big is US bank in assets? ›

The Bankrate promise
RANKBANK NAMETOTAL ASSETS
5U.S. Bancorp$650.7 billion
6PNC Financial Services$557.5 billion
7Truist Bank$527.5 billion
8Goldman Sachs$521.1 billion
11 more rows
Apr 2, 2024

Which is the top No. 1 bank in the world? ›

JPMorgan Chase

What are the total assets of the US bank? ›

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 is the richest bank in the world? ›

By total assets
RankBank nameTotal assets (2022) (US$ billion)
1Industrial and Commercial Bank of China Limited5,742.86
2China Construction Bank5,016.81
3Agricultural Bank of China4,919.03
4Bank of China4,192.12
96 more rows

Where is the richest bank in America? ›

New York-based JPMorgan Chase Bank tops the Federal Reserve's list of largest banks by consolidated assets owned at $3.40 trillion, of which $2.65 trillion represents assets owned domestically.

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

What is the largest private bank in the world? ›

As of 2023, the world's biggest private bank in terms of assets under management (AUM) is UBS Group AG. UBS, a Swiss multinational investment bank and financial services company, is renowned for its extensive services in wealth management, investment banking, asset management, and retail banking.

What are the top 10 largest banks in the US? ›

The largest banks in the US
  • 1.Chase Bank.
  • Bank of America.
  • Wells Fargo.
  • Citibank.
  • U.S. Bank.
  • PNC Bank.
  • Truist Bank.
  • Goldman Sachs.
Apr 8, 2024

What is the largest bank in the US by deposits? ›

Jpmorgan Chase Bank

What banks are Tier 2? ›

Tier two would be Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, and Citigroup. Examples of tier three would be UBS, BNP Paribas, and SocGen. Being a bulge bracket bank does not necessarily mean it is rock solid.

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