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$
Rank Bank name Headquarters location Total assets Market capitalization
1 JPMorgan Chase New York City $2,590 $384
2 Bank of America Charlotte, North Carolina $2,291 $302
3 Citigroup New York City $1,912 $174
4 Wells Fargo San Francisco, California $1,879 $273
5 Goldman Sachs New York City $968 $87
6 Morgan Stanley New York City $875 $136
7 U.S. Bancorp Minneapolis, Minnesota $461 $83
8 TD Bank, N.A. Cherry Hill, New Jersey $378 $108
9 PNC Financial Services Pittsburgh, Pennsylvania $380 $67
10 Capital One McLean, Virginia $363 $47
11 The Bank of New York Mellon New York City $352 $53
12 TIAA New York City $298 N/A
13 HSBC Bank USA New York City $284 N/A
14 Charles Schwab Corporation San Francisco, California $261 $39
15 State Street Corporation Boston, Massachusetts $248 $31
16 BB&T Winston-Salem, North Carolina $222 $39
17 SunTrust Banks Atlanta, Georgia $207 $33
18 American Express New York City $184 $33
19 Ally Financial Detroit, Michigan $171 $12
20 State Farm Bloomington, Illinois $160 N/A
21 MUFG Union Bank New York City $160 N/A
21 USAA San Antonio, Texas $158 N/A
23 Citizens Financial Group Providence, Rhode Island $153 $19
24 Barclays New York City $166 N/A
25 BNP Paribas New York City $146 N/A
26 Credit Suisse New York City $141 N/A
27 Fifth Third Bank Cincinnati, Ohio $140 $19
28 BMO Harris Bank Chicago, Illinois $139 N/A
29 KeyCorp Cleveland, Ohio $138 $22
30 UBS New York City $136 $22
31 Northern Trust Chicago, Illinois $135 $24
32 Santander Bank Boston, Massachusetts $130 N/A
33 Regions Financial Corporation Birmingham, Alabama $124 $20
34 RBC Bank New York City $118 N/A
35 M&T Bank Buffalo, New York $118 $30
36 Deutsche Bank New York City $115 N/A
37 Huntington Bancshares Columbus, Ohio $105 $16
38 Discover Financial Riverwoods, Illinois $102 $25
39 Synchrony Financial Stamford, Connecticut $99 $24
40 BBVA Compass Birmingham, Alabama $88 N/A
41 Comerica Dallas, Texas $72 $16
41 Zions Bancorporation Salt Lake City, Utah $66 $10
43 E-Trade New York City $64 $15
44 Silicon Valley Bank Santa Clara, California $55 $16
45 New York Community Bank Westbury, New York $50 $5
46 CIT Group Livingston, New Jersey $49 $6
47 Popular, Inc. San Juan, Puerto Rico $47 $5
48 People’s United Financial Bridgeport, Connecticut $44 $6
49 Mutual of Omaha Omaha, Nebraska $42 N/A
50 First Horizon National Corporation Memphis, Tennessee $41 $5
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