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Top 10+ Largest America Banks in the USA by Assets in 2023

There are currently many banks running in the USA that are the top giants of the banking sector not just in the US but in the whole world. 

Today we are going to discuss the top 10 largest American banks in the United States of America by their assets. JPMorgan Chase and Bank of America are the top banks on the list of assets.

Top 10 Largest American Banks

JPMorgan Chase & Co. (Chase Bank)

America Banks

JPMorgan Chase is one of the largest American banks not just in the United States but in the whole world by assets. It has one of the largest banking networks in the United States.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ Since 1799 as Bank of the Manhattan Company
⮞ Since 1824 as Chemical Bank
⮞ Since 1871 as J.P. Morgan & Co.
⮞ Since 1877 as Chase National Bank(on December 1, 2000)
Founders⮞ Manhattan Company was founded by Aaron Burr
⮞ Chemical Bank was founded by Balthazar P. Melick
⮞ J.P. Morgan was founded by John Pierpont Morgan 
⮞ Chase National Bank was founded by John Thompson
Key People⮞ Jamie Dimon(Chairman & CEO)
⮞ Daniel E. Pinto (President & COO)
HeadquartersNew York City, U.S.A
Area ServedWorldwide 
Products⮞Credit Cards ⮞Banking ⮞Asset management
⮞Risk management,⮞Mutual funds
⮞Wealth management ⮞Mortage loans ⮞Private Equity
RevenueUS$132.2 billion (2022)
Total AssetsUS$3.67 trillion (2022)
Number of Employees293,723 (as of 2022)
Number Of CustomersMore Than 66million Customers
Number Of Branches4,700
Number of ATMs17,000
Official Web Portalwww.jpmorganchase.com

Bank of America

Bank of America Emblem

Bank of America is the second largest bank not just in The United States of America but in the world with total assets of US$3.051 trillion. It was founded in California, U.S.

TypePublic  Company
IndustryBanking; Financial Services
Founded⮞ 1923
FoundersAmadeo Giannini (Bank of Italy)
Hugh McColl (NationsBank)
Key People Brian Moynihan Chairman & CEO)
Anne Finucane (Co-Vice Chairman)
Bruce Thompson (Co-Vice Chairman)
HeadquartersNorth California,, U.S.A
Area ServedWorldwide 
Products⮞Credit Cards ⮞Banking ⮞Asset management
⮞Risk management,⮞Mutual funds
⮞Wealth management ⮞Mortage loans ⮞Equities trading
RevenueUS$94.95 billion (2022)
Total AssetsUS$3.051 trillion (2022)
Number of Employees217,000 (as of 2022)
Number Of CustomersMore Than 67 Million Customers
Number Of Branches3,900
Number of ATMs16,000
Official Web Portalwww.bankofamerica.com

Citigroup

Citigroup

Citigroup is one of the biggest banking giants in the world. It was founded by merging Travelers Group and Citicorp in 1988. 

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ October 8, 1998
Founders⮞Travelers Group was founded by Sanford Weil
⮞ Citicorp was founded by Samuel Osgood
Key People⮞ John C. Dugan (Chairman)
⮞ Jane Fraser (President & CEO)
HeadquartersNew York City, U.S.A
Area ServedWorldwide 
Products⮞Credit Cards ⮞Banking ⮞Asset management
⮞Risk management,⮞Mutual funds
⮞Wealth management ⮞Mortage loans ⮞Private Equity ⮞Security services
RevenueUS$75.34 billion (2022)
Total AssetsUS$2.417 trillion (2022)
Number of Employees240,000 (as of 2022)
Number Of CustomersMore Than 200 Million Customers
Number Of Branches4,600
Number of ATMs65,000
Official Web Portalwww.citigroup.com

Wells Fargo

Wells Fargo

Wells Fargo is known as one of the most valuable bank brands in the world. It is ranked 41st on the Fortune 500 list of largest companies in the U.S.A.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ Since January 24, 1929, as Northwest Corporation
⮞ Since April 1983 Norwest Corporation
⮞Since November 2, 1998, as Wells Fargo & Company
Founders Henry Wells⮞ William Fargo
Key PeopleSteven Black (Chairman)
Charles Scharf (President & COO)
HeadquartersCalifornia, U.S.A
Area ServedWorldwide 
Products⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management, Global market⮞Mutual funds
⮞Wealth management ⮞Mortage loans ⮞Insurance, Equities trading, 
RevenueUS$73.8 billion (2022)
Total AssetsUS$1.875 trillion (2022)
Number of Employees268,531 (as of 2020)
Number Of CustomersMore Than 70 Million Customers
Number Of Branches8,050
Number of ATMs13,000
Official Web Portalwww.wellsfargo.com

Goldman Sachs

Goldman Sachs

Goldman Sachs is one of the 5th largest banks with total assets of US$1.44 trillion (As of 2022). This bank is known as an investment bank.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ 1869
FoundersMarcus Goldman
⮞ Samuel Sachs
Key People⮞ Lloyd Blankfein(Senior Chairman)
⮞ David M. Solomon (Chairman & CEO)
⮞ John E. Waldron (President and COO)
HeadquartersNew York City, U.S.A
Area ServedWorldwide 
Products⮞Investment Banking
⮞Asset Management 
RevenueUS$47.37 billion (2022)
Total AssetsUS$1.44 trillion (2022)
Number of Employees48,500 (as of 2022)
Number Of CustomersMore Than 3million Customers
Number Of Branches0
Number of ATMs0
Official Web Portalwww.goldmansachs.com

Morgan Stanley

Morgan Stanley

Morgan Stanley is an investment and financial services provider bank.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ 1935 as The Original Morgan Stanley⮞ 1924 as Dean Witter & Co.⮞ 1931 Reynolds Securities
Founders⮞ Henry Sturgis Morgan
⮞ Harold Stanley
⮞ Dean G. Witter
⮞ Richard S. Reynolds, Jr. 
Key People James P. Gorman (Chairman & CEO)
Ted Pick (Co-President)
Andy Saperstein (Co-President)
Jonathan Pruzan (Chief Operating Officer)
Sharon Yeshaya (CFO)
HeadquartersNew York City, U.S.A
Area ServedInternation Service
Products⮞Investment banking
⮞Sales and Trading
⮞Asset management 
⮞Wealth management 
RevenueUS$53.7 billion (2022)
Total AssetsUS$1.18 trillion (2022)
Number of Employees82,427 (as of 2022)
Number Of CustomersMore Than 3.5 Million Customers
Number Of Branches0
Number of ATMs0
Official Web Portalwww.morganstanely.com

U.S. Bankcorp

U.S. Bankcorp

U.S Bankcorp also known as U.S. Bank is one of the recognizable bank brands in the USA with more than 15 million customers.

TypePublic Sector Bank 
IndustryBanking; Financial Services
FoundedJuly 13, 1863,
Key People⮞ Andrew Cecere (Chairman, president, and CEO)
HeadquartersMinnesota, U.S.A
Area ServedWorldwide 
Products⮞Credit Cards ⮞Banking ⮞Asset management
⮞Risk management,⮞Mutual funds
⮞Wealth management ⮞Mortage loans ⮞Private Equity
RevenueUS$24.302 billion (2022)
Total AssetsUS$674.805 billion (2022)
Number of Employees77,000 (as of 2022)
Number Of CustomersMore Than 15.8 Million Customers
Number Of Branches3,000
Number of ATMs4,771
Official Web Portalwww.usbank.com

Charles Schwab Corporation

Charles Schwab Corporation

Charles Schwab Corporation is a multinational financial company. It offers different services to its customers worldwide.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ 1971
Founders⮞Commercial Banking ⮞Personal Banking ⮞Asset management ⮞Risk management,⮞Mutual funds ⮞Wealth Management ⮞Financial Planning
Key People⮞ Charles R. Schwab (Chairman)⮞ Walter W. Bettinger II (President & CEO)
HeadquartersTexas, U.S.A
Area ServedWorldwide 
Products⮞Commercial Banking ⮞Personal Banking
⮞Asset management ⮞Risk management,
⮞Mutual funds ⮞Wealth Management ⮞Financial Planning
RevenueUS$20.76 billion (2022)
Total AssetsUS$551.8 billion(2022)
Number of Employees35,300 (as of 2022)
Number Of CustomersMore Than 33.3 Million Customers
Number Of Branches400
Number of ATMs0
Official Web Portalwww.schwab.com

PNC Financial Services

PNC Financial Services

PNC Financial Services also known as PNC Bank is one of the largest banks in the USA by its number of ATMs and branches.

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞April 10, 1845,
Key PeopleWilliam S. Demchak (Chairman, President & CEO)
HeadquartersPennsylvania, U.S.A
Area ServedWorldwide 
Products⮞ Various Products
RevenueUS$21.1 billion (2022)
Total AssetsUS$557 billion (2022)
Number of Employees59,426 (as of 2022)
Number Of CustomersMore Than 12 Million Customers
Number Of Branches2,629
Number of ATMs9,523
Official Web Portalwww.pnc.com

Truist Financial Corporation

Truist Financial Corporation

Truist Financial Corporation is also one of the trusted and largest banking companies in the United States of America

TypePublic Sector Bank 
IndustryBanking; Financial Services
Founded⮞ 1872; (as BB&T)
⮞ 1897; (as Southern National)
⮞ 1891; (as SunTrust)
⮞ 2019; (as Truist)
Key PeopleWilliam H. Rogers Jr(Chairman & CEO)
Daryl N. Bible (CFO)Mortage loans 
HeadquartersNorth California, U.S.A
Area ServedUSA
Products⮞Commercial Banking ⮞Consumer Banking
⮞Investment Banking  ⮞Insurance ⮞Mortage loans 
RevenueUS$20.370 billion (2022)
Total AssetsUS$509.228 billion (2022)
Number of Employees51,169 (as of 2022)
Number Of CustomersMore Than 12 Million Customers
Number Of Branches3,000
Number of ATMs2,100
Official Web Portalwww.truist.com

FAQs

What are the biggest banks in the USA in 2023?

Chase Bank and Bank of America are two of the largest banks in America Banks

What are the three largest US banks by Assets?

JP Morgan, Bank of America, and Citigroup are the three largest banks in the USA by Assets.

Which bank is best in the USA?

Bank of America, Chase Bank, and Citigroup are Considered the most trusted banks.

How many banks are there in the USA in 2023?

There are currently 4,236 FDIC-insured commercial banking as per the data.

Which has the most branches in the USA?

JP Morgan Chase Bank

What bank do wealthy Americans use?

Most of the high profiles use the largest American Private Bank JP Morgan Chase.

Amrit Maurya
Amrit Mauryahttps://lifenomic.com
Personal Growth | Positive Vibes | Self Care Creating Content To Heal People's Life ♥️ I help you to become better version of yourself

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