largest banks in the United States

The following is a list of the largest banks in the United States in terms of total assets.  Looking at banking histories over the years, these days, big banks are healthier than they have been in a decade with net income at FDIC-insured banks reaching $47.9 billion in the third quarter after a record $48.3 billion total during the previous three months.

This rank is based on metrics related to growth, profitability, capital adequacy and asset quality. Metrics include return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans.

The following table lists the 50 largest banks in the United States by assets as of June 30, 2018.

List of 50 largest banks in the United States

   Billions of US$
RankBank nameHeadquarters locationTotal assetsMarket capitalization
1JPMorgan ChaseNew York City$2,590$384
2Bank of AmericaCharlotte, North Carolina$2,291$302
3CitigroupNew York City$1,912$174
4Wells FargoSan Francisco, California$1,879$273
5Goldman SachsNew York City$968$87
6Morgan StanleyNew York City$875$136
7U.S. BancorpMinneapolis, Minnesota$461$83
8TD Bank, N.A.Cherry Hill, New Jersey$378$108
9PNC Financial ServicesPittsburgh, Pennsylvania$380$67
10Capital OneMcLean, Virginia$363$47
11The Bank of New York MellonNew York City$352$53
12TIAANew York City$298N/A
13HSBC Bank USANew York City$284N/A
14Charles Schwab CorporationSan Francisco, California$261$39
15State Street CorporationBoston, Massachusetts$248$31
16BB&TWinston-Salem, North Carolina$222$39
17SunTrust BanksAtlanta, Georgia$207$33
18American ExpressNew York City$184$33
19Ally FinancialDetroit, Michigan$171$12
20State FarmBloomington, Illinois$160N/A
21MUFG Union BankNew York City$160N/A
21USAASan Antonio, Texas$158N/A
23Citizens Financial GroupProvidence, Rhode Island$153$19
24BarclaysNew York City$166N/A
25BNP ParibasNew York City$146N/A
26Credit SuisseNew York City$141N/A
27Fifth Third BankCincinnati, Ohio$140$19
28BMO Harris BankChicago, Illinois$139N/A
29KeyCorpCleveland, Ohio$138$22
30UBSNew York City$136$22
31Northern TrustChicago, Illinois$135$24
32Santander BankBoston, Massachusetts$130N/A
33Regions Financial CorporationBirmingham, Alabama$124$20
34RBC BankNew York City$118N/A
35M&T BankBuffalo, New York$118$30
36Deutsche BankNew York City$115N/A
37Huntington BancsharesColumbus, Ohio$105$16
38Discover FinancialRiverwoods, Illinois$102$25
39Synchrony FinancialStamford, Connecticut$99$24
40BBVA CompassBirmingham, Alabama$88N/A
41ComericaDallas, Texas$72$16
41Zions BancorporationSalt Lake City, Utah$66$10
43E-TradeNew York City$64$15
44Silicon Valley BankSanta Clara, California$55$16
45New York Community BankWestbury, New York$50$5
46CIT GroupLivingston, New Jersey$49$6
47Popular, Inc.San Juan, Puerto Rico$47$5
48People’s United FinancialBridgeport, Connecticut$44$6
49Mutual of OmahaOmaha, Nebraska$42N/A
50First Horizon National CorporationMemphis, Tennessee$41$5
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