What Are The 10 Largest Banks In The Us

We ve found that it s harder than it should be to obtain a current list of the biggest banks by asset size so we decided to put it here data straight from the fdic in june 2020.

Bank of new york mellon corp. Jpmorgan chase is the top largest bank in the us with a balance sheet total of 2 73 trillion. Hsbc bank usa. Bb t s merger with suntrust banks will create the sixth largest bank in the u s.

Morgan bank of america citigroup wells fargo and u s. Their market capitalization is also shown. In the past two years private banker international has joined forces with globaldata both part of the same parent company to produce an annual ranking of global private banks by their assets under management aum. The list is based on the april 2020 s p global market intelligence report of the 100 largest banks in the world.

Goldman sachs group inc. Dollars rankinstitutionheadquartersassets1 jpmorgan chasenew york ny 2 6872 bank of americacharlotte nc 2 4343 citigroupnew. But which actually are the largest asks oliver williams. The bank of new york mellon.

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This list does not include some large commercial banks which are not holding companies. Bank pnc bank capital one and others financial. The next tier includes u s. With assets of over 2 5 trillion jpmorgan chase is the largest bank in the country.

The top 10 banks hold assets of about 12 trillion. Bank of america is the second largest financial institution in the united states with 2 28 trillion in assets. Insider intelligence broke down the top 10 banks in the us by assets with key insights as to how. For years jpmorgan chase bank of america wells fargo and citi have dominated the industry and this year is no different.

The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Accounting treatment affects the assets reported. Bankcorp are the biggest lenders in the. For example the united states uses us gaap as opposed to ifrs which only reports the net derivative.

The following table lists the 100 largest bank holding companies in the united states ranked by total assets of march 31 2020 per the federal financial institutions examination council. Largest banks in u s in billion of u s. Following are the largest banks in the united states ranked by total assets. Bank total assets in billions of usd 1.