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.

Rank	Name	Assets
1	JPMorgan Chase	3.213
2	Bank of America Corp	2.742
3	Citigroup Inc	2.233
4	Wells Fargo & Co	1.969
5	Goldman Sachs	1.142
6	Morgan Stanley	975
7	U.S. Bancorp	547
8	Truist Financial Corporation	504
9	TD Group US Holding	476
10	PNC Financial Services	459
11	Bank of New York Mellon	442
12	Capital One Financial Corp	421
13	Charles Schwab	401
14	HSBC North America	283
15	State Street Corporation	280
16	Fifth Third Bancorp	203
17	United Services Automobile Assoc	190
18	American Express Company	189
19	BMO Financial Corp	187
20	Ally Financial	184
21	Citizens Financial Group	180
22	KeyCorp	172
23	MUFG Americas Holdings	167
24	UBS Americas Holding	162
25	Ameriprise Financial	155
26	Santander Holdings USA	152
27	Northern Trust Corporation	151
28	Barclays US LLC	148
29	Regions Financial Corp	144
30	RBC US Group Holdings	142
31	BNP Paribas USA	141
32	M&T Bank Corp	140
33	First Republic Bank	128
34	Credit Suisse Holdings, USA	121
35	Huntington Bancshares	118
36	DB USA Corporation	115
37	Discover Financial Services	114
38	BBVA Compass Bancshares	102
39	Synchrony Financial	97
40	SVB Financial Group	86
41	Comerica Inc	85
42	Zions Bancorp	76
43	E*TRADE Financial Corp	70
44	Popular, Inc	63
45	CIT Group	62
46	People’s United Financial	61
47	Signature Bank	60
48	New York Community Bancorp	55
49	Synovus Financial Corp	54
50	CIBC Bancorp USA	52
51	TCF Financial Corporation	50
52	East West Bancorp	49

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.