List of largest banks in the United States

As of December 31, 2022, the 15 largest banks in the United States collectively hold assets worth $13.4 trillion. This group undergoes periodic changes as banks trade positions and smaller ones get replaced by faster-growing competitors.

The occurrence of mergers and acquisitions can also impact this list.

Based on the latest figures from the Federal Reserve, these are the largest banks in the U.S. by consolidated assets.

RANK	BANK NAME	TOTAL ASSETS	PREVIOUS RANK
1	JPMorgan Chase	$3.20 trillion	1
2	Bank of America	$2.41 trillion	2
3	Citigroup	$1.77 trillion	3
4	Wells Fargo	$1.72 trillion	4
5	U.S. Bancorp	$585.14 billion	5
6	PNC Financial Services	$552.31 billion	6
7	Truist Bank	$546.23 billion	7
8	Goldman Sachs	$486.97 billion	8
9	Capital One Financial	$453.31 billion	10
10	TD Group US Holdings	$386.80 billion	9
11	Bank of New York Mellon	$324.65 billion	11
12	State Street	$298.02 billion	12
13	Citizens Financial	$226.40 billion	13
14	First Republic Bank	$212.64 billion	15
15	Morgan Stanley Private Bank	$209.67 billion	NR

JPMorgan Chase

JPMorgan Chase is the largest bank in the United States based on total assets. The bank had assets worth $3.20 trillion.

JPMorgan Chase is a multinational investment bank and financial services company headquartered in New York City.

It offers a range of financial products and services, including investment banking, commercial banking, asset management, and consumer banking.

JPMorgan Chase serves clients in more than 100 countries and has over 250,000 employees worldwide.

Bank of America

Bank of America is the second-largest bank in the United States based on total assets. The bank had assets worth $2.41 trillion.

Bank of America is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina.

It provides a range of financial products and services, including consumer banking, corporate banking, investment banking, wealth management, and asset management.

Bank of America operates in all 50 U.S. states and serves clients in over 35 countries. The bank has over 200,000 employees worldwide.

Citigroup

Citigroup is a multinational investment bank and financial services company headquartered in New York City.

It offers a range of financial products and services, including investment banking, commercial banking, asset management, and consumer banking. Citigroup operates in over 160 countries and has over 200,000 employees worldwide.

Wells Fargo

Wells Fargo is a multinational financial services company headquartered in San Francisco, California.

The Bank is a multinational financial services company headquartered in San Francisco, California. It provides a range of financial products and services, including consumer banking, corporate banking, investment banking, wealth management, and asset management.

Wells Fargo operates in all 50 U.S. states and has more than 7,000 branches and over 13,000 ATMs nationwide. The bank also has a presence in more than 30 countries and employs over 260,000 people worldwide.

U.S. Bancorp

U.S. Bancorp is the fifth-largest bank in the United States based on total assets.

U.S. Bancorp is a diversified financial services company headquartered in Minneapolis, Minnesota.

It provides a range of financial products and services, including consumer banking, corporate banking, investment banking, wealth management, and payment services.

U.S. Bancorp operates in 26 states in the western and midwestern regions of the United States and has more than 3,000 branches and over 4,800 ATMs nationwide. The bank also has a presence in several other countries and employs over 70,000 people worldwide.

PNC Financial Services

PNC Financial Services is the sixth-largest bank in the United States based on total assets. The bank had assets worth $552.31 billion.

PNC Financial Services is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It provides a range of financial products and services, including consumer banking, corporate banking, investment banking, wealth management, and asset management.

PNC Financial Services operates in 21 states in the eastern and midwestern regions of the United States and has more than 2,400 branches and over 18,000 ATMs nationwide. The bank also has a presence in several other countries and employs over 50,000 people worldwide.

Truist Bank

Truist Bank is the seventh-largest bank in the United States based on total assets. The Truist Bank is a financial services company headquartered in Charlotte, North Carolina, that was formed by the merger of BB&T Corporation and SunTrust Banks in 2019.

It provides a range of financial products and services, including consumer banking, commercial banking, investment banking, wealth management, and insurance.

Truist Bank operates in 47 states in the eastern and southern regions of the United States and has more than 2,000 branches and over 3,000 ATMs nationwide. The bank also has a presence in several other countries and employs over 56,000 people worldwide.

Goldman Sachs

Goldman Sachs is a global investment banking, securities and investment management firm headquartered in New York City.

While it is not traditionally considered a "bank" in the same sense as commercial banks, it does have a banking division that provides a range of financial products and services to consumers, including personal loans, savings accounts, and certificates of deposit (CDs).

The firm also provides a range of investment banking services to corporations, governments, and high-net-worth individuals, including underwriting, mergers and acquisitions (M&A), asset management, and securities trading. As of September 2021, Goldman Sachs had total assets worth $1.4 trillion.

Capital One Financial

Capital One Financial is a diversified financial services company headquartered in McLean, Virginia.

Bank provides a range of financial products and services to consumers, including credit cards, auto loans, and home loans, as well as commercial lending and treasury management services to businesses.

The company operates primarily in the United States, with more than 470 branches and over 2,000 ATMs nationwide. Capital One also has a significant online and mobile banking presence, with millions of customers accessing its products and services through digital channels. The company employs over 50,000 people worldwide.

TD Group US Holdings

TD Group US Holdings is the ninth-largest bank in the United States based on total assets. The bank had assets worth $386.80 billion.

The Bank Holdings is a financial services company headquartered in Cherry Hill, New Jersey, and is a subsidiary of TD Bank Group, a Canadian multinational banking and financial services corporation.

The TD Group US Holdings provides a range of financial products and services to consumers and businesses, including personal banking, commercial banking, investment banking, and wealth management.

TD Group US Holdings operates primarily in the eastern region of the United States, with more than 1,200 branches and over 2,700 ATMs nationwide. The bank also has a presence in several other countries and employs over 27,000 people worldwide.

Bank of New York Mellon

The Bank of New York Mellon (BNY Mellon) is a global financial services company headquartered in New York City.

BNY Mellon provides a range of financial products and services to individuals, institutions, and governments worldwide, including asset servicing, investment management, wealth management, and treasury services.

The company also provides securities trading, foreign exchange, and other investment banking services to its clients. BNY Mellon operates in more than 100 markets worldwide and has a significant presence in the United States, with over 30 locations across the country. The company employs over 47,000 people worldwide.

State Street

State Street Corporation is a global financial services company headquartered in Boston, Massachusetts.

The Bank provides a range of financial products and services to institutional investors, including investment management, investment servicing, and research and trading.

The company is a leading provider of exchange-traded funds (ETFs) and other investment products, and also offers foreign exchange, securities lending, and other investment banking services to its clients.

State Street operates in more than 100 markets worldwide and has a significant presence in the United States, with offices in major cities across the country. The company employs over 40,000 people worldwide.

Citizens Financial

Citizens Financial Group is a financial services company headquartered in Providence, Rhode Island.

The Group provides a range of financial products and services to individuals, businesses, and institutions, including personal banking, commercial banking, mortgage lending, wealth management, and insurance.

Company operates primarily in the northeastern region of the United States, with over 1,000 branches and more than 2,700 ATMs across 11 states.

Citizens Financial Group also has a significant online and mobile banking presence, with millions of customers accessing its products and services through digital channels. The company employs over 20,000 people worldwide.

First Republic Bank

First Republic Bank is a financial services company headquartered in San Francisco, California. The Bank provides a range of financial products and services to individuals, businesses, and institutions, including personal banking, commercial banking, wealth management, and investment management.

Company is known for its high-touch, personalized approach to banking and wealth management, and is a leading provider of jumbo mortgage loans and private student loans.

First Republic Bank operates primarily in major metropolitan areas in the United States, including San Francisco, Los Angeles, New York, and Boston, and has over 80 branches and offices nationwide. The company employs over 8,000 people worldwide.

Morgan Stanley Private Bank

Morgan Stanley Private Bank is a division of Morgan Stanley, a global financial services firm headquartered in New York City.

Bank provides a range of financial products and services to high-net-worth individuals, families, and institutions, including wealth management, investment management, and estate planning.

The division operates primarily in major metropolitan areas in the United States, as well as in select international markets, and has a network of advisors and professionals who provide personalized advice and solutions to its clients.

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