US banks play an important role in the global economy and finance. Given their importance, in this work with be presented the ranking of US banks by total assets, which is one of the most widely used indicators for the comparison of banks. The total assets are defined as resources owned by the bank from which future economic benefits are expected to be generated. They are the sum of non-current and current assets, and this total should equal the sum of stockholders’ equity and total liabilities combined. After this brief introduction, let’s see now the list of the largest banks in the US.
The first place in the ranking of US banks by total assets is occupied by JP Morgan Chase & Co., which is also the largest in terms of deposits and market capitalization. In second place it is Bank of America Corp, followed by Citigroup Inc., Wells Fargo & Co and Goldman Sachs. The last five places are occupied by Synovus Financial Corp, First Citizens Bancshares, TCF Financial Corporation, BOK Financial Corp and Mizuho Americas.
Rank | Banks | Assets |
1 | JPMorgan Chase | 3.689 |
2 | Bank of America Corp | 2.969 |
3 | Citigroup Inc | 2.314 |
4 | Wells Fargo & Co | 1.959 |
5 | Goldman Sachs | 1.302 |
6 | Morgan Stanley | 1.159 |
7 | Charles Schwab | 563 |
8 | U.S. Bancorp | 553 |
9 | TD Group US Holding | 518 |
10 | Truist Financial Corporation | 517 |
11 | PNC Financial Services | 474 |
12 | Bank of New York Mellon | 465 |
13 | Capital One Financial Corp | 425 |
14 | State Street Corporation | 317 |
15 | HSBC North America | 248 |
16 | United Services Automobile Assoc | 212 |
17 | Fifth Third Bancorp | 207 |
18 | BMO Financial Corp | 194 |
19 | American Express Company | 193 |
20 | Citizens Financial Group | 188 |
21 | UBS Americas Holding | 183 |
22 | Ally Financial | 182 |
23 | KeyCorp | 176 |
24 | MUFG Americas Holdings | 170 |
25 | Barclays US LLC | 169 |
26 | Ameriprise Financial | 166 |
27 | Northern Trust Corporation | 164 |
28 | First Republic Bank | 156 |
29 | Regions Financial Corp | 153 |
30 | RBC US Group Holdings | 151 |
31 | M&T Bank Corp | 150 |
32 | BNP Paribas USA | 147 |
33 | Santander Holdings USA | 147 |
34 | SVB Financial Group | 142 |
35 | Huntington Bancshares | 126 |
36 | Credit Suisse Holdings, USA | 120 |
37 | Discover Financial Services | 114 |
38 | DB USA Corporation | 110 |
39 | BBVA Compass Bancshares | 104 |
40 | Synchrony Financial | 86 |
41 | First Horizon National Corp | 87 |
42 | Comerica Inc | 86 |
43 | Signature Bank | 85 |
44 | Zions Bancorporation N.A. | 85 |
45 | Popular, Inc | 69 |
46 | People’s United Financial | 64 |
47 | New York Community Bancorp | 58 |
48 | CIBC Bancorp USA | 57 |
49 | East West Bancorp | 57 |
50 | Raymond James Financial | 56 |
51 | CIT Group | 56 |
52 | Synovus Financial Corp | 55 |
53 | First Citizens Bancshares | 54 |
54 | TCF Financial Corporation | 49 |
55 | BOK Financial Corp | 48 |
56 | Mizuho Americas | 47 |
The data used in the ranking of US banks by total assets were collected in the main financial sites, are expressed in billions of USD and refer to 31/03/2021.