Here is a list of the top 10 banks in the United States, based on total assets as of December 2021:
- JPMorgan Chase & Co.
- Bank of America
- Wells Fargo
- Citigroup
- U.S. Bancorp
- Truist Financial
- Bank of New York Mellon
- State Street Corporation
- PNC Financial Services
- Capital One
This ranking is subject to change as the financial industry is constantly evolving and the rankings of individual banks may vary based on different criteria.
JPMorgan Chase & Co.
JPMorgan Chase & Co. is a multinational investment bank and financial services company headquartered in New York City. It is one of the largest banks in the United States and is a global leader in investment banking, financial services, and asset management. The company was formed in 2000 through the merger of Chase Manhattan Corporation and J.P. Morgan & Co.
It operates in more than 100 countries and serves millions of customers around the world. JPMorgan Chase & Co. offers a wide range of products and services, including retail banking, commercial banking, investment banking, asset management, and private banking. It is a publicly traded company and is listed on the New York Stock Exchange.
Bank of America
Bank of America is one of the largest banks in the United States and is headquartered in Charlotte, North Carolina. It was founded in 1904 as Bank of Italy and later became Bank of America. The bank provides a wide range of financial products and services to individuals, small businesses, and large corporations, including retail banking, credit cards, investment banking, wealth management, and commercial banking.
Bank of America has a strong presence in the United States and also operates internationally in more than 35 countries. The bank is a publicly traded company and is listed on the New York Stock Exchange.
Wells Fargo
Wells Fargo is a large financial services company headquartered in San Francisco, California. It is one of the largest banks in the United States and offers a wide range of financial products and services, including retail banking, commercial banking, investment banking, mortgage lending, and wealth management. Wells Fargo was founded in 1852 and has a strong presence in the United States, with thousands of branches and ATMs across the country.
In addition to its domestic operations, the bank also operates internationally in more than 35 countries. Wells Fargo is a publicly traded company and is listed on the New York Stock Exchange.
Citigroup
Citigroup is a multinational financial services company headquartered in New York City. It is one of the largest banks in the world and offers a wide range of financial products and services to consumers, businesses, and governments around the world.
Citigroup was formed in 1998 through the merger of Citicorp and Travelers Group. It operates in more than 160 countries and serves millions of customers around the world. Citigroup’s products and services include retail banking, credit cards, investment banking, wealth management, and commercial banking. The company is a publicly traded company and is listed on the New York Stock Exchange.
U.S. Bancorp
U.S. Bancorp is a financial services company headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank, one of the largest banks in the United States. U.S. Bancorp offers a wide range of financial products and services to individuals, businesses, and institutions, including retail banking, credit cards, mortgage lending, and wealth management.
The company has a strong presence in the United States, with more than 3,000 branches and over 5,000 ATMs across the country. U.S. Bancorp is a publicly traded company and is listed on the New York Stock Exchange.
Truist Financial
Truist Financial Corporation is a financial services company headquartered in Charlotte, North Carolina. It was formed in December 2020 through the merger of BB&T and SunTrust Banks. Truist is one of the largest banks in the United States and offers a wide range of financial products and services, including retail banking, credit cards, investment banking, wealth management, and commercial banking.
The company has a strong presence in the southeastern United States, with over 2,000 branches and over 4,000 ATMs. Truist is a publicly traded company and is listed on the New York Stock Exchange.
Bank of New York Mellon
The Bank of New York Mellon (BNY Mellon) is a global financial services company headquartered in New York City. It was founded in 1784 and is one of the oldest banks in the United States. BNY Mellon provides a wide range of financial products and services to individuals, businesses, and institutions around the world, including asset management, investment services, and custody services.
The company has a strong presence in the United States and also operates internationally in more than 35 countries. BNY Mellon is a publicly traded company and is listed on the New York Stock Exchange.
State Street Corporation
State Street Corporation is a financial services company headquartered in Boston, Massachusetts. It is a global leader in investment servicing, investment management, and investment research. State Street was founded in 1792 and is one of the oldest banks in the United States.
The company provides a wide range of financial products and services to individuals, businesses, and institutions, including asset management, investment research, and custody services. State Street has a strong presence in the United States and also operates internationally in more than 100 countries. The company is a publicly traded company and is listed on the New York Stock Exchange.
PNC Financial Services
PNC Financial Services is a financial services company headquartered in Pittsburgh, Pennsylvania. It is the parent company of PNC Bank, one of the largest banks in the United States. PNC Financial Services offers a wide range of financial products and services to individuals, small businesses, and large corporations, including retail banking, credit cards, mortgage lending, and wealth management.
The company has a strong presence in the eastern United States, with over 2,000 branches and over 9,000 ATMs. PNC Financial Services is a publicly traded company and is listed on the New York Stock Exchange.
Capital One
Capital One is a financial services company headquartered in McLean, Virginia. It is one of the largest banks in the United States and offers a wide range of financial products and services to individuals, small businesses, and large corporations, including credit cards, retail banking, mortgage lending, and auto financing. Capital One was founded in 1988 and has a strong presence in the United States, with branches and ATMs in various locations across the country.
In addition to its domestic operations, the company also operates internationally in the United Kingdom and Canada. Capital One is a publicly traded company and is listed on the New York Stock Exchange.
FAQ:
What Are the 4 Largest Us Banks?
The four largest banks in the United States by assets are:
JPMorgan Chase & Co.
Bank of America Corp.
Wells Fargo & Co.
Citigroup Inc.
These four banks are often referred to as the “big four” and are among the largest banks in the world. They offer a range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
Is Wells Fargo One of the Best Banks?
It is difficult to determine if Wells Fargo is the “best” bank, as opinions on this matter may vary based on individual needs and priorities. Wells Fargo is one of the largest banks in the United States and offers a range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
If you are considering opening an account with Wells Fargo or any other bank, it is important to do your research and consider the features and fees that are most important to you. Some factors to consider when choosing a bank may include the bank’s reputation, the convenience of its branches and ATM locations, the fees it charges, and the interest rates it offers on deposits. It may also be helpful to read reviews and compare the features and fees of different banks to find the one that best meets your needs.
is Us Bank Bigger Than Wells Fargo?
Yes, JPMorgan Chase & Co. is currently the largest bank in the United States by assets. As of 2021, it had total assets of over $3 trillion. Wells Fargo & Co. is the fourth largest bank in the United States by assets, with total assets of approximately $1.9 trillion as of 2021.
The other two largest banks in the United States by assets are Bank of America Corp. and Citigroup Inc. All four of these banks, including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup, are often referred to as the “big four” and are among the largest banks in the world. They offer a range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
Who Is Better Chase or Wells Fargo?
It is difficult to determine which bank is “better” between JPMorgan Chase and Wells Fargo, as opinions on this matter may vary based on individual needs and priorities. Both JPMorgan Chase and Wells Fargo are large, well-established banks that offer a range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
If you are considering opening an account with either JPMorgan Chase or Wells Fargo, it is important to do your research and consider the features and fees that are most important to you. Some factors to consider when choosing a bank may include the bank’s reputation, the convenience of its branches and ATM locations, the fees it charges, and the interest rates it offers on deposits. It may also be helpful to read reviews and compare the features and fees of both banks to find the one that best meets your needs.
What Is the Safest Bank to Bank With?
All banks in the United States are required to follow strict regulations to ensure the safety and security of their customers’ deposits. The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that provides insurance to depositors in the event that their bank fails. Deposits at FDIC-insured banks are insured up to $250,000 per depositor, per bank, for each account ownership category.
In addition to FDIC insurance, many banks also have their own security measures in place to protect the safety of their customers’ deposits. These may include things like secure online banking systems, strong passwords and authentication protocols, and fraud detection systems.
Overall, it is generally considered safe to bank with any FDIC-insured institution in the United States. If you are concerned about the safety of your deposits, you may want to consider choosing a bank that has a strong reputation and a history of stability. You can also check the financial health of a bank by looking at its ratings from independent rating agencies such as Moody’s and Standard & Poor’s.
Is Chase or Wells Fargo better?
It is difficult to determine which bank is “better” between JPMorgan Chase and Wells Fargo, as opinions on this matter may vary based on individual needs and priorities. Both JPMorgan Chase and Wells Fargo are large, well-established banks that offer a range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
If you are considering opening an account with either JPMorgan Chase or Wells Fargo, it is important to do your research and consider the features and fees that are most important to you. Some factors to consider when choosing a bank may include the bank’s reputation, the convenience of its branches and ATM locations, the fees it charges, and the interest rates it offers on deposits. It may also be helpful to read reviews and compare the features and fees of both banks to find the one that best meets your needs.