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)
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.
| Type | Public Sector Bank |
| Industry | Banking; 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) |
| Headquarters | New York City, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management,⮞Mutual funds ⮞Wealth management ⮞Mortage loans ⮞Private Equity |
| Revenue | US$132.2 billion (2022) |
| Total Assets | US$3.67 trillion (2022) |
| Number of Employees | 293,723 (as of 2022) |
| Number Of Customers | More Than 66million Customers |
| Number Of Branches | 4,700 |
| Number of ATMs | 17,000 |
| Official Web Portal | www.jpmorganchase.com |
Bank of America
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.
| Type | Public Company |
| Industry | Banking; Financial Services |
| Founded | ⮞ 1923 |
| Founders | ⮞ Amadeo Giannini (Bank of Italy) ⮞ Hugh McColl (NationsBank) |
| Key People | ⮞ Brian Moynihan Chairman & CEO) ⮞ Anne Finucane (Co-Vice Chairman) ⮞ Bruce Thompson (Co-Vice Chairman) |
| Headquarters | North California,, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management,⮞Mutual funds ⮞Wealth management ⮞Mortage loans ⮞Equities trading |
| Revenue | US$94.95 billion (2022) |
| Total Assets | US$3.051 trillion (2022) |
| Number of Employees | 217,000 (as of 2022) |
| Number Of Customers | More Than 67 Million Customers |
| Number Of Branches | 3,900 |
| Number of ATMs | 16,000 |
| Official Web Portal | www.bankofamerica.com |
Citigroup
Citigroup is one of the biggest banking giants in the world. It was founded by merging Travelers Group and Citicorp in 1988.
| Type | Public Sector Bank |
| Industry | Banking; 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) |
| Headquarters | New York City, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management,⮞Mutual funds ⮞Wealth management ⮞Mortage loans ⮞Private Equity ⮞Security services |
| Revenue | US$75.34 billion (2022) |
| Total Assets | US$2.417 trillion (2022) |
| Number of Employees | 240,000 (as of 2022) |
| Number Of Customers | More Than 200 Million Customers |
| Number Of Branches | 4,600 |
| Number of ATMs | 65,000 |
| Official Web Portal | www.citigroup.com |
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.
| Type | Public Sector Bank |
| Industry | Banking; 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 People | ⮞ Steven Black (Chairman) ⮞ Charles Scharf (President & COO) |
| Headquarters | California, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management, Global market⮞Mutual funds ⮞Wealth management ⮞Mortage loans ⮞Insurance, Equities trading, |
| Revenue | US$73.8 billion (2022) |
| Total Assets | US$1.875 trillion (2022) |
| Number of Employees | 268,531 (as of 2020) |
| Number Of Customers | More Than 70 Million Customers |
| Number Of Branches | 8,050 |
| Number of ATMs | 13,000 |
| Official Web Portal | www.wellsfargo.com |
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.
| Type | Public Sector Bank |
| Industry | Banking; Financial Services |
| Founded | ⮞ 1869 |
| Founders | ⮞ Marcus Goldman ⮞ Samuel Sachs |
| Key People | ⮞ Lloyd Blankfein(Senior Chairman) ⮞ David M. Solomon (Chairman & CEO) ⮞ John E. Waldron (President and COO) |
| Headquarters | New York City, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Investment Banking ⮞Asset Management |
| Revenue | US$47.37 billion (2022) |
| Total Assets | US$1.44 trillion (2022) |
| Number of Employees | 48,500 (as of 2022) |
| Number Of Customers | More Than 3million Customers |
| Number Of Branches | 0 |
| Number of ATMs | 0 |
| Official Web Portal | www.goldmansachs.com |
Morgan Stanley
Morgan Stanley is an investment and financial services provider bank.
| Type | Public Sector Bank |
| Industry | Banking; 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) |
| Headquarters | New York City, U.S.A |
| Area Served | Internation Service |
| Products | ⮞Investment banking ⮞Sales and Trading ⮞Asset management ⮞Wealth management |
| Revenue | US$53.7 billion (2022) |
| Total Assets | US$1.18 trillion (2022) |
| Number of Employees | 82,427 (as of 2022) |
| Number Of Customers | More Than 3.5 Million Customers |
| Number Of Branches | 0 |
| Number of ATMs | 0 |
| Official Web Portal | www.morganstanely.com |
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.
| Type | Public Sector Bank |
| Industry | Banking; Financial Services |
| Founded | July 13, 1863, |
| Key People | ⮞ Andrew Cecere (Chairman, president, and CEO) |
| Headquarters | Minnesota, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Credit Cards ⮞Banking ⮞Asset management ⮞Risk management,⮞Mutual funds ⮞Wealth management ⮞Mortage loans ⮞Private Equity |
| Revenue | US$24.302 billion (2022) |
| Total Assets | US$674.805 billion (2022) |
| Number of Employees | 77,000 (as of 2022) |
| Number Of Customers | More Than 15.8 Million Customers |
| Number Of Branches | 3,000 |
| Number of ATMs | 4,771 |
| Official Web Portal | www.usbank.com |
Charles Schwab Corporation
Charles Schwab Corporation is a multinational financial company. It offers different services to its customers worldwide.
| Type | Public Sector Bank |
| Industry | Banking; 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) |
| Headquarters | Texas, U.S.A |
| Area Served | Worldwide |
| Products | ⮞Commercial Banking ⮞Personal Banking ⮞Asset management ⮞Risk management, ⮞Mutual funds ⮞Wealth Management ⮞Financial Planning |
| Revenue | US$20.76 billion (2022) |
| Total Assets | US$551.8 billion(2022) |
| Number of Employees | 35,300 (as of 2022) |
| Number Of Customers | More Than 33.3 Million Customers |
| Number Of Branches | 400 |
| Number of ATMs | 0 |
| Official Web Portal | www.schwab.com |
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.
| Type | Public Sector Bank |
| Industry | Banking; Financial Services |
| Founded | ⮞April 10, 1845, |
| Key People | ⮞William S. Demchak (Chairman, President & CEO) |
| Headquarters | Pennsylvania, U.S.A |
| Area Served | Worldwide |
| Products | ⮞ Various Products |
| Revenue | US$21.1 billion (2022) |
| Total Assets | US$557 billion (2022) |
| Number of Employees | 59,426 (as of 2022) |
| Number Of Customers | More Than 12 Million Customers |
| Number Of Branches | 2,629 |
| Number of ATMs | 9,523 |
| Official Web Portal | www.pnc.com |
Truist Financial Corporation
Truist Financial Corporation is also one of the trusted and largest banking companies in the United States of America
| Type | Public Sector Bank |
| Industry | Banking; Financial Services |
| Founded | ⮞ 1872; (as BB&T) ⮞ 1897; (as Southern National) ⮞ 1891; (as SunTrust) ⮞ 2019; (as Truist) |
| Key People | ⮞ William H. Rogers Jr(Chairman & CEO) ⮞ Daryl N. Bible (CFO)Mortage loans |
| Headquarters | North California, U.S.A |
| Area Served | USA |
| Products | ⮞Commercial Banking ⮞Consumer Banking ⮞Investment Banking ⮞Insurance ⮞Mortage loans |
| Revenue | US$20.370 billion (2022) |
| Total Assets | US$509.228 billion (2022) |
| Number of Employees | 51,169 (as of 2022) |
| Number Of Customers | More Than 12 Million Customers |
| Number Of Branches | 3,000 |
| Number of ATMs | 2,100 |
| Official Web Portal | www.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.
