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

FAQs

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

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.

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.

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.

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

#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.

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.

The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.

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

One of Buffett's best investments

In August 2011, Buffett invested $5 billion of Berkshire's capital in Bank of America preferred stock that paid a 6% dividend yield, generating $300 million in annual income.

Top 10 American Banks by Asset Size:

JPMorgan Chase ($3,201,942,000 total assets) Bank of America ($2,418,508,000 total assets) Citibank ($1,766,752,000 total assets) Wells Fargo Bank ($1,717,531,000 total assets)

Despite being named as such, neither U.S. Bancorp nor U.S. Bank is owned by the government. Hence, it is not a government bank as some may have thought. Instead, it is a publicly-traded company, 77.25% of which is owned by institutional investors led by investment titans Vanguard Group and Blackrock.

As of Jan. 31, 2024, JP Morgan & Chase held the title of the largest bank in the world by market capitalization.

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.

This article is a part of the worldwide bank ranking series.

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.

According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.