The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
Total assets of banks
Stability in the banking sector in the United States
All the big four banks in the United States had a common equity tier 1 (CET1) capital ratio well above the required 4.5 percent in the second quarter of 2023. JPMorgan Chase had a CET1 ratio of 13.82 percent, while the highest CET1 ratio among banks in the United States during this period was 17 percent, which was reported by TD Bank, the tenth-largest bank in the United States in 2023.
FAQs
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.
What is the largest bank by assets 2023? ›
Combined assets of Big 4 increase
Aggregate assets at the four largest US banks increased $70.69 billion, or 0.6%, in the fourth quarter of 2023. However, JPMorgan Chase & Co., the largest US bank by total assets, reported a sequential decrease of $22.94 billion, or 0.6%, while Bank of America, Citigroup Inc.
What is the largest bank in the US by asset size? ›
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.
Which US bank currently has the most assets? ›
#1 Chase Bank
Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.
What is the total assets of Bank of America in 2023? ›
Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.
What is the richest bank in the world? ›
Industrial and Commercial Bank of China (ICBC)
The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets.
What is the strongest US bank? ›
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
What is the big 4 bank in the US? ›
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
What bank has the biggest balance sheet? ›
JPMorgan Chase & Co., the largest US bank by total assets, reported a 0.8% sequential increase, while Bank of America Corp.
How much money is in US banks total? ›
US Banks Total Deposits is at a current level of 18.81T, up from 18.55T last quarter and down from 19.21T one year ago. This is a change of 1.40% from last quarter and -2.09% from one year ago.
JPMorgan Chase & Co., the largest US bank by total assets, reported a 0.8% sequential increase, while Bank of America Corp. and Wells Fargo & Co. reported sequential asset growth of 1.0% and 1.8%, respectively.
Which 5 banks failed 2023? ›
Heartland Tri-State Bank failed on July 28, 2023. First Republic Bank failed on April 28, 2023. Signature Bank failed on March 12, 2023. Silicon Valley Bank failed on March 10, 2023.
What is the first bank to collapse in 2023? ›
Investors have worried about a possible contagion in the sector since three prominent lenders – Silicon Valley Bank, First Republic and Signature Bank – collapsed in early 2023. Prior to the takeover of Republic First, the last U.S. bank to fail was Iowa-based Citizens Bank in November 2023.
