What are the top five banks in the United States based on assets?

What types of services do the top five banks in the United States offer?

By: Paddy Mansfield | Best Business Ratings (BBR) 03/07/2024

  • What are the top five banks in the United States based on assets?

    Person in suit hands document to someone at a table, both facing toward the camera.

    When it comes to banking in the United States, size definitely matters. The larger the bank, the more assets it holds and the more financial power it wields. So, which banks are considered the top five in the United States based on their assets? Let's take a look at the biggest players in the banking industry:

  • JPMorgan Chase & Co

    JP Morgan Chase & Co. logo in white text on a blue background.

    With total assets of over $3 trillion, JPMorgan Chase is the largest bank in the United States. It offers a wide range of financial services, including consumer and commercial banking, investment banking, and asset management.

    JPMorgan Chase & Co

  • Bank of America

    Bank of America logo: Blue text over a geometric design in red and blue on a white background.

    Coming in at a close second, Bank of America boasts total assets of over $2.5 trillion. This banking giant offers a variety of services, from checking and savings accounts to investment services and mortgage loans.

    Bank of America

  • Wells Fargo & Co

    Wells Fargo logo in gold text on a red background.

    Wells Fargo is another major player in the banking industry, with total assets exceeding $1.9 trillion. The bank provides a range of financial services, including banking, investment, and insurance products.

    Wells Fargo & Co

  • Citigroup Inc

    Citi logo: Blue text "citi" with a red arc above the "i".

    Citigroup is a global financial services company with total assets of over $1.6 trillion. The bank offers a wide array of services, including consumer banking, credit cards, and corporate banking.

    Citigroup Inc

  • U.S. Bancorp

    US Bank logo: red and white "US" in a shield, blue "bank".

    With total assets of over $500 billion, U.S. Bancorp rounds out the top five banks in the United States based on assets. The bank provides a range of financial services, including banking, investment, and mortgage services.

    U.S. Bancorp

  • In conclusion what are the top five banks in the United States based on assets?

    These top five banks not only have the largest assets in the United States, but they also have a significant influence on the country's financial system. Whether you're looking to open a savings account, get a mortgage loan, or invest in the stock market, these banks are likely to have the resources and expertise to meet your financial needs.