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
JPMorgan Chase was the leading bank in the United States as of December 2023, with its market share of total assets amounting to 8.56 percent. This means that the value of assets of JPMorgan Chase was equivalent to 8.56 percent of the total value of assets of all FDIC-insured institutions in the United States.
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 assets? ›
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.
How big are the assets of the US bank in 2023? ›
$663 billion in assets as of December 31, 2023.
What are the big 4 US banks? ›
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 is the most profitable bank in the United States? ›
(NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), and Wells Fargo & Company (NYSE:WFC) are some of the most profitable banks in America.
Which bank is safest in the USA? ›
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
How much did Warren Buffett invest in Bank of America? ›
BofA makes up 9.03% of Berkshire Hathaway's portfolio, the firm's second largest investment, according to Benzinga.com. As of Q1 2023, Buffett's BofA holdings were worth $35.5 billion, StockCircle.com reported.
What bank has the largest balance sheet? ›
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
What big 4 banks are too big to fail? ›
Companies Considered Too Big to Fail
Bank of America Corp. The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc.
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.
What bank do billionaires use? ›
JPMorgan Chase: Based in New York City, and, with over$2.7 trillion in assets under management, JPMorgan Chase is one of the best private banks with a lot of different services and investment options available. JPMorgan was one of the banks that started the trend of tailoring their services toward the wealthy.
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.
