ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

From JPMorgan Chase To Citigroup, Top 5 US Banks By Asset Size

Each institution offers a unique blend of services catering to diverse financial needs.
PUBLISHED MAR 6, 2024
Cover Image Source: Photo by Expect Best | Pexels
Cover Image Source: Photo by Expect Best | Pexels
Image Source: Photo by Croberin Photography |Pexels
Image Source: Photo by Croberin Photography | Pexels

Curious about the biggest banks and their scale? The Federal Reserve regularly updates the list of the largest banks in the U.S. by asset size. According to reports, the largest banks in the United States collectively hold approximately $12.9 trillion in assets. 

Image Source: Photo by Eduardo Munoz Alvarez | VIEWpress | Getty Images
Image Source: Photo by Eduardo Munoz Alvarez | VIEWpress | Getty Images

JPMorgan Chase, also known as Chase Bank, stands as the largest bank in America, boasting nearly $3.4 trillion in assets. With an extensive network encompassing over 4,800 physical branches and more than 15,000 ATMs, it offers convenient accessibility to customers nationwide. Known for its generous bonuses, promotions, and diverse range of products, Chase is a favored choice among consumers. Beyond consumer banking, it provides comprehensive services including business banking, community banking, investment, and asset management, catering to a wide array of financial needs.

Image Source: Photo by John Smith | VIEWpress |Getty Images
Image Source: Photo by John Smith | VIEWpress |Getty Images

Following closely behind Chase, Bank of America ranks as one of the largest US banks, boasting over $2.4 trillion in assets. With more than 3,700 branches across the United States, as well as a handful of foreign branches, this bank offers extensive banking services catering to both individuals and businesses. Additionally, Bank of America provides investment and wealth management services through Merrill (formerly Merrill Lynch). Moreover, the bank emphasizes relationship banking, offering perks through its Preferred Rewards Program for qualifying customers.

Image Source: (Photo by Leonardo Munoz | VIEWpress |Getty Images
Image Source: Photo by Leonardo Munoz | VIEWpress |Getty Images

Based in San Francisco, Wells Fargo ranks as the fourth-largest bank in the US, boasting assets totaling over $1.7 trillion. As a comprehensive institution, it provides various services, including consumer and commercial banking, mortgage and home equity lending, credit cards, investment banking, and wealth management. With approximately 4,400 branches and 12,000 ATMs spanning the nation, Wells Fargo offers extensive in-person access, distinguishing itself as a prominent U.S. financial institution.

Image Soup: Photo by John Smith | VIEWpress |Getty Images
Image Source: Photo by John Smith | VIEWpress | Getty Images

As a division of Citigroup, Citibank stands as a prominent global bank, offering diverse financial products and services to clients across the world. With assets exceeding $1.6 trillion, primarily sourced from U.S.-based customers, Citibank maintains a network of over 650 domestic branches. Despite its relatively limited domestic presence, the bank provides services like consumer banking, commercial banking, investment banking, and wealth management, catering to the multifaceted needs of its clientele.

Image Source: Photo by AaronP/Bauer-Griffin | GC Images |Getty Images
Image Source: Photo by AaronP/Bauer-Griffin | GC Images | Getty Images

With assets totaling over $650 billion, US Bank secures its place as the fifth-largest bank in the country, although its asset size falls significantly below the top four banks, each surpassing the $1 trillion mark. Operated by Minneapolis-based parent company U.S. Bancorp, this substantial bank has expanded its reach through the acquisition of several smaller banks over the years, experiencing growth with each merger. Boasting a network of over 2,300 branches, this bank remains a formidable presence in the U.S. banking sector.

MORE ON MARKET REALIST
The guest had no idea about the item being a Tiffany product and being embedded with a rare gem.
15 hours ago
The host was baffled by the goof up that the contestant made between two words.
16 hours ago
Carey showed that he has got the weapon of sarcasm, and he isn't afraid to use it.
17 hours ago
Whatever the host was expecting, it was far away from what the contestant said on national TV.
18 hours ago
The guest was surprised to learn more about the item he had actually found on the street for free.
20 hours ago
After going through everything on the board, the player left Harvey in hysterics with his answer.
1 day ago
As it so turned out, the weird-looking floor lamp was a piece from a very famous studio.
1 day ago
Most contestants were consistently getting the answers wrong, and Harvey was worried about what was next.
2 days ago
Some claimed that they got the puzzle despite English being their second language.
2 days ago
The letter was written to a columnist in response to a piece taking a swipe at Sinatra.
2 days ago
In a special episode of Celebrity Family Feud, a WWE star decided to go for the one thing Harvey is known for.
2 days ago
Luck was shining for her as she was off to a flying start and won the car with a single card.
2 days ago
Sajak had a witty reply for the contestant who was fanboying over White during the game.
5 days ago
The model said that considering White's age she would also take the offer from Sony.
5 days ago
Sheila won a brand new entertainment unit, complete with an HD plasma TV and mini bar from Howard Miller.
6 days ago
The appraiser disclosed that Yoakum began painting in the 1960s and he created one unique piece of art every single day.
6 days ago
The entrepreneur also managed to get the sharks to taste the vegan alternative meant for pets.
6 days ago
Throughout the game Monica tried to calm her nerves by placing her right hand over her chest.
7 days ago
Harvey later realized that the contestant had a crush on him and they had a moment.
7 days ago
The host had warned the men in advance to not risk their marriage for some points.
Mar 24, 2025