Biggest banks in the US by assets

The US financial system is easily the largest in the world and, in many respects, the most advanced. It also has the greatest diversity of institutions, the widest variety of instruments, and the most highly developed derivative markets.

The banks play an important role in the US financial system and the US economy. They, also, continue to play an important role in the global economy, despite the increased weight and importance of banks of other countries in the last years, such as Chinese banks.

In this work, we are going to present the rank of the 52 largest banks in USA by total assets, which still remains today, one of the most widely used indicators for comparing banks with each other. Let’s now see the 52 largest banks in the USA by assets.

In the top of the ranking of the largest banks in the US by assets is JP Morgan Chase with 3.213 billion USD in assets. In the second place is Bank of America Corp with 2.742 billion USD in assets, followed by Citigroup with about 2.233 billion USD in assets. Wells Fargo & Co is fourth and Goldman Sachs fifth.

In the last three places of the ranking of the largest Us banks by assets there are CIBC Bancorp USA with 52 billion USD, TCF Financial Corporation with 50 billion USD and East West Bancorp with 49 billion USD.

1JPMorgan Chase3.213
2Bank of America Corp2.742
3Citigroup Inc2.233
4Wells Fargo & Co1.969
5Goldman Sachs1.142
6Morgan Stanley975
7U.S. Bancorp547
8Truist Financial Corporation504
9TD Group US Holding476
10PNC Financial Services459
11Bank of New York Mellon442
12Capital One Financial Corp421
13Charles Schwab401
14HSBC North America283
15State Street Corporation280
16Fifth Third Bancorp203
17United Services Automobile Assoc190
18American Express Company189
19BMO Financial Corp187
20Ally Financial184
21Citizens Financial Group180
23MUFG Americas Holdings167
24UBS Americas Holding162
25Ameriprise Financial155
26Santander Holdings USA152
27Northern Trust Corporation151
28Barclays US LLC148
29Regions Financial Corp144
30RBC US Group Holdings142
31BNP Paribas USA141
32M&T Bank Corp140
33First Republic Bank128
34Credit Suisse Holdings, USA121
35Huntington Bancshares118
36DB USA Corporation115
37Discover Financial Services114
38BBVA Compass Bancshares102
39Synchrony Financial97
40SVB Financial Group86
41Comerica Inc85
42Zions Bancorp76
43E*TRADE Financial Corp70
44Popular, Inc63
45CIT Group62
46People’s United Financial61
47Signature Bank60
48New York Community Bancorp55
49Synovus Financial Corp54
50CIBC Bancorp USA52
51TCF Financial Corporation50
52East West Bancorp49

The data used in this work have been collected from the main financial sites. For all of the banks, the total assets refer to the 30/06/2020 balance sheet and are expressed in billions of USD.

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