Largest U.S. banks by assets 2023 | Statista (2024)

FAQs

Largest U.S. banks by assets 2023 | Statista? ›

Largest banks in the U.S. 2023, by assets

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion. Insider Intelligence broke down the top 10 banks in the US by assets, with key insights as to how they got there, where they plan to go in the future, and how smaller banks can compete in the industry.

Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.

$663 billion in assets as of December 31, 2023.

1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.

With total assets of $110 billion and 9.3 million customers/members, USAA shined primarily through its excellent customer service. It has no brick-and-mortar branches; it focuses on online banking and lets customers use 100,000 different ATMs that belong to other banks at no charge.

MidFirst Bank is the largest privately owned bank in the United States with $36.9 billion in assets. We offer our customers personal, commercial, trust, private banking, wealth management and mortgage products backed by $3.6 billion in capital and reserves, and more than $16 billion in available liquidity.

How much did Warren Buffett invest in Bank of America? ›

Buffett invested $5 billion in Bank of America convertible preferred in 2011, which converted into 700 million common shares of Bank of America at $7.14, said Kass.

Earlier last year Silicon Valley Bank failed March 10, 2023, and then Signature Bank failed two days later, ending the unusual streak of more than 800 days without a bank failure. Before Citizens Bank failed in November 2023, Heartland Tri-State Bank failed July 28, 2023 and First Republic Bank failed May 1, 2023.

1. JPMorgan Chase & Co. Established in 1799, JPMorgan Chase & Co. is a global investment bank and financial services company that's based in New York. It offers a wide range of banking products including deposit accounts, credit cards, home loans, auto loans and business banking.

Companies Considered Too Big to Fail

The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc. JPMorgan Chase & Co.

The Big Six refers to the major banks of Canada. The list includes the TD, Royal Bank, the Bank of Montreal, Scotiabank, CIBC, and the National Bank. Caisse populaire is a cooperative, member-owned financial institution that fulfills traditional banking roles as well as other diverse activities.

Global investment banking is dominated by U.S. banks

The two leading investment banks worldwide with regards to revenue as of July 2023 included JPMorgan and Goldman Sachs. JP Morgan generated more revenue than Goldman Sachs, but both banks reported revenues exceeding 2.4 billion U.S. dollars.

1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said.