The 10 Biggest US Banks

The ten most prominent banks in the United States, listed by market capitalization, are JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc., Morgan Stanley, Capital One Financial Corp, the Bank of New York Mellon Corp or U.S. Bancorp, and State Street Corp., according to The Balance. The top three banks on this list account for about $4 trillion in assets, and number 10 has about $434 billion in assets under management. Market capitalization refers to the current value of all outstanding shares in a company at current market prices.

The 10 Biggest US Banks
The 10 Biggest US Banks

A Look at the Top 10

The top ten banks in America account for approximately two-thirds of total banking assets and two-thirds of bank deposits. But which is number one? Who are these banks? Where are they located? Our post will answer those questions and more by examining each of these top ten banks. Let’s get started!

1. Wells Fargo & Company

Wells Fargo is America’s third-largest bank with $1.9 trillion in assets and 20,000 locations across America. The company’s Working operations are divided into four main business groups:

  • Community Banking (retail banking)
  • Wholesale Banking (commercial banking)
  • Wealth and Investment Management
  • Capital Market Services

Wells Fargo has a solid 5/5 Stars on ValuePenguin thanks to its reliable CD rates, low fees for online banking services, and interest-bearing checking accounts with free ATM access for eligible customers.

They don’t have as many investment options as larger institutions, but it may be worth considering them if you live near one of their 1665 offices in 39 states.

Editor’s Rating: 5 / 5 stars Review Date: 2018-08-23 Number of ratings: 19 Bankrate Score: 99% Get started at Well Fargo! OPEN AN ACCOUNT » with well Fargo… More about Wells Fargo & Company… SunTrust Bank: SunTrust is America’s fifth-largest bank holding firm with total assets exceeding $200 billion. It offers personal, business, corporate, and institutional financial services, including digital & mobile banking, investments & securities trading, mortgage lending & servicing; credit cards; insurance; home financing; auto loans & leasing, wealth management, prepaid cards, and much more!

2. JP Morgan Chase & Co.

JPMorgan Chase & Co.: global financial services firm headquartered in New York City. Founded in 1799 as J.P. Morgan & Co., it has functioned through many mergers and acquisitions to become one of America’s largest banks with over $2 trillion in assets and operations in more than 60 countries worldwide.

JPMC includes several subsidiary companies, including investment banking giant J.P. Morgan, retail bank Chase Bank USA, and asset management arm JPMorgan Asset Management (formerly known as JP Morgan Investment Management). The company is considered one of Wall Street’s Big Four Banks alongside Citigroup, Wells Fargo, and Bank of America Corp.—and also ranks among Fortune Magazine’s top 50 Most Admired Companies in 2016… More at Wikipedia

3. Bank of America Corporation

BOA Corporation is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on assets held among all commercial banks. Bank of America operates over 16000 automated teller machines in all states of the United States except Hawaii, Alaska, and Rhode Island. It also provides its customers with over 60,000 surcharge-free ATMs through a partnership with CUSO Financial Services, formerly Cardtronics.

The bank has over 20 million customer accounts and does business in more than 150 countries. The company(bank) was founded in 1904 by Amadeo Pietro Giannini as Bank of Italy. Bank of Italy served as a central bank for Italian immigrants who could not open standard savings accounts at existing banks; these were either tied up by large corporations or prohibited by local governments from doing business with immigrants.

4. Citigroup Inc.

Citigroup Inc. is a leading global financial services provider that offers products and services in three key areas: Consumer Banking and Wealth Management, Commercial Banking, and Corporate and Investment Banking. Citigroup has a presence in more than 100 countries with 200 million customer accounts. The firm has more than 265,000 employees serving clients from over 5,100 offices worldwide. Citigroup’s principal U.S. operating subsidiaries are Citibank, N.A., and CitiFinancial, which provides online banking services through its brands: CitiDirect, CitiStreet, and Digital Federal Credit Union (DCU). In 2017, Citigroup was one of 46 financial institutions to make up USA Today’s annual list of top U.S.-based employers for military veterans.[2] Forbes ranked Citigroup No.

5. U.S. Bancorp

$368.3 billion in assets. Headquartered in Minneapolis, MN, U.S. Bancorp operates more than 3,200 banking centers in ten states (Arizona, California, Colorado, Iowa, Michigan, Minnesota, Nevada, New Mexico, and Texas). The company was founded as First National Bank of St. Paul in 1863 and has grown through several mergers over its history. Currently, it trades on NASDAQ under the ticker symbol USBK. It’s a member of the S&P 500 index and the Financial Select Sector SPDR exchange-traded fund. Its current CEO is Richard Davis, who took office after his predecessor, John Thielen, retired in 2013. It is ranked 72nd on Fortune 500 list. UBS: $1 trillion in assets.

6. PNC Financial Services Group, Inc.

Headquartered in Pittsburgh, PNC Financial Services Group, Inc. is a financial services company that provides commercial and retail banking, wealth management, mortgage lending, trust, and investment services to businesses and individuals across 19 states. The company offers its products through 431 branches and more than 3,400 ATMs located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and West Virginia. PNC’s stock is traded on NYSE under the ticker symbol PNC. For 2017, PNC reported a net income of $4.6 billion with assets totaling $348 billion and equity of $62 billion. PNC was ranked #91 in Fortune magazine’s list of America’s largest corporations for 2016. In addition, Forbes Magazine named PNC one of its America’s Best Employers for 2017.

7. BB&T Corporation

BB&T Corporation is a bank holding company that operates as a regional financial services provider in the eastern United States. It offers various banking and other financial services to individual and corporate customers, focusing on commercial clients, small businesses, middle-market companies, and large corporations.

The company operates through three segments: Community Banking; Business Banking, and Investment Advisors. It holds interest in approximately 900 subsidiaries, affiliates, and investments in the Asia Pacific area, primarily located in China. As of 31 December 2016, it operated 1,559 branches in 16 states, of which 208 units were located outside its primary market areas of North Carolina and South Carolina; also two automated teller machines (ATMs) within its primary market areas.

8. SunTrust Banks, Incorporated

SunTrust Banks, Incorporated is a $187.1 billion financial holding company headquartered in Atlanta, Georgia. The company provides deposit, credit, trust, and investment services to a broad range of retail and business customers. 

Bank of America Corporation is a $2.35 trillion diversified financial services corporation headquartered in Charlotte, North Carolina. JPMorgan Chase & Co.: JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.56 trillion and operations worldwide. Wells Fargo & Company: Wells Fargo & Company operates as one of the largest banks in the United States by branches and employees.

9. Capital One Financial Corporation

Capital One is an American bank holding company specializing in credit cards, home loans, auto loans, banking, small business financing, and more. The bank has 861 branches across 12 states and Washington D.C. and is ranked #119 based on the Fortune 500 list of America’s largest corporations by revenue. Capital One has three primary sources of income: (1) consumer lending (credit cards), (2) direct banking, and (3) indirect banking.

Each sector offers a diverse range of products to suit customer needs. In consumer lending, it focuses on borrowers who have less than perfect credit scores and generally little to no assets or income—so although banks may be able to lend money for property purchases or house maintenance, Capital One does not offer those kinds of loans. Instead, it provides unsecured personal loans between $300 and $5,000.


the top us banks include Bank of America, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc., PNC Financial Services Group, Capital One Financial Corporation, U.S. Bancorp and BB&T Corporation. Their combined market capitalization is more than $2 trillion with a combined asset base of over $10 trillion.

Leave a Comment