Top 10 Banks In USA Largest Banks By Assets In 2024
In the United States, the list of largest and biggest Top 10 Banks In USA are really important for the economy. They have a big impact on how things work financially. These banks are like strong pillars that help keep the country’s money matters stable. They offer all kinds of services, from basic banking to new and smart money solutions. Each of these banks has its own special role. In this article, we’ll talk about what makes these Top 10 Banks in USA stand out. We’ll look at what they do, what makes them strong, and how they affect the overall money scene.
List of Top 10 Banks In USA (Largest Banks Of United States Of America)
| Rank | Bank Name | Founded | HQ Location | Total Assets |
| 1 | JPMorgan Chase Bank | 2000 | 383 Madison Avenue, New York City, U.S | $3.89 Trillion USDs |
| 2 | Bank of America | 1998 | Charlotte, North Carolina, United States | $3.1 Trillion USDs |
| 3 | Citibank | 1998 | 388–390 Greenwich St., New York City, New York, U.S. | $2.3 Trillion USDs |
| 4 | Wells Fargo | 1929 | San Francisco, California, U.S | $1.875 Trillion USDs |
| 5 | Goldman Sachs Bank | 1869 | 200 West Street, New York City, New York, U.S. | $1.44 Trillion USDs |
| 6 | Morgan Stanley | 1935 | Morgan Stanley Building. New York City, New York, U.S. | $1.18 Trillion USDs |
| 7 | U.S. Bancorp | 1863 | U.S. Bancorp Center, Minneapolis, Minnesota, U.S | $674.805 Billion USDs |
| 8 | PNC Financial Services | 1845 | Tower at PNC Plaza, Pittsburgh, Pennsylvania, U.S. | $557 Billion USDs |
| 9 | Truist Financial | 2019 | Truist Center, 214 North Tryon Street, Charlotte, North Carolina, U.S. | $555.255 Billion USDs |
| 10 | TD Bank | 1852 | Cherry Hill, New Jersey, United States | $516 Billion USDs |
1. JPMorgan Chase Bank
- Head Quarters Location: 383 Madison Avenue, New York City, U.S
- Total Assets: $3.89 Trillion USDs
The JPMorgan Chase & Co. is a big American bank. It’s the largest in the U.S. and the world as of 2023. The bank started in 1799 and became J.P. Morgan & Co. in 1871. In 2000, two firms merged to create the present company. They offer various services like investment banking, private banking, and asset management. The bank is moving to a new building in 2025. It’s known for its “Fortress Balance Sheet” and has strict regulatory oversight. The Chase brand provides retail banking and credit card services in the U.S. and the United Kingdom.
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2. Bank of America
- Head Quarters Location: Charlotte, North Carolina, United States
- Total Assets: 3.1 Trillion USD
The Bank of America is a big American bank. It’s headquartered in Charlotte, North Carolina. It’s the second-largest bank in the U.S. and the world. The bank started in San Francisco, California. It’s part of the Big Four banks in the U.S. and competes with JPMorgan Chase, Citigroup, and Wells Fargo. The bank offers commercial banking, wealth management, and investment banking services. It has a history dating back to the Bank of Italy in 1904. After facing a loss in 1998, it was acquired by NationsBank and became Bank of America Corporation.
3. Citibank
- Head Quarters Location: 388–390 Greenwich St., New York, U.S.
- Total Assets: 2.3 Trillion USD
Citigroup, also known as Citi, is a big American bank. It was formed in 1998 by merging Citicorp and Travelers. Citigroup is the third-largest bank in the U.S. and one of the Big Four, along with JPMorgan Chase, Bank of America, and Wells Fargo. It’s considered important for the financial system and is often seen as too big to fail. The bank operates in two main divisions: Institutional Clients Group (ICG) for investment and corporate banking and Personal Banking and Wealth Management (PBWM), including Citibank and credit card services.
4. Wells Fargo
- Head Quarters Location: San Francisco, California, U.S
- Total Assets: 1.875 Trillion USDs
The Wells Fargo is a big American bank with a global presence in 35 countries, serving over 70 million customers. It’s one of the “Big Four Banks” in the U.S., alongside JPMorgan Chase, Bank of America, and Citigroup. The main subsidiary is Wells Fargo Bank, N.A., based in Sioux Falls, South Dakota. It’s the fourth-largest U.S. bank by assets, with 8,050 branches and 13,000 ATMs. Wells Fargo is a major player in home mortgages, originating one in four loans and servicing $1.8 trillion in mortgages.
5. Goldman Sachs Bank
- Head Quarters Location: 200 West Street, New York City, New York, U.S.
- Total Assets: 1.44 Trillion USDs
The Goldman Sachs is a big American investment bank founded in 1869. Headquartered in New York City, it’s the second-largest investment bank globally. The bank is considered important for the financial system. It offers various services like investment banking, securities underwriting, asset management, and wealth management. They also operate in private equity and hedge funds. Goldman Sachs structures custom financial products and owns a direct bank, Goldman Sachs Bank USA. The company trades for clients and on its account.
6. Morgan Stanley
- Head Quarters Location: Morgan Stanley Building, New York, U.S.
- Total Assets: 1.18 Trillion USDs
The Morgan Stanley is a big American investment bank with headquarters in New York City. It has offices in 41 countries and over 75,000 employees. The bank serves corporations, governments, institutions, and individuals. In 2023, it ranked 61st on the Fortune 500 list. Morgan Stanley originated in 1935 due to the Glass–Steagall Act, which separated commercial and investment banking. It achieved a 24% market share in its first year. The current Morgan Stanley was formed in 1997 through a merger with Dean Witter Discover & Co.
7. U.S. Bancorp
- Head Quarters Location: U.S. Bancorp Center, Minneapolis, Minnesota, U.S
- Total Assets: 674.805 Billion USDs
U.S. Bancorp is a big American bank based in Minneapolis, Minnesota. It’s the parent company of the U.S. Bank National Association, the fifth-largest bank in the U.S. They offer banking, investment, mortgage, trust, and payment services to individuals, businesses, and others. In 2023, it ranked 149th on the Fortune 500. U.S. Bancorp is considered important for the financial system. The company also owns Elavon, a credit card transaction processor, and Elan Financial Services, a credit card issuer for small credit unions and banks.
8. PNC Financial Services
- Head Quarters Location: Tower at PNC Plaza, Pittsburgh, Pennsylvania, U.S.
- Total Assets: 557 Billion USDs
The PNC Financial Services is an American bank based in Pittsburgh, Pennsylvania. Its banking partner, PNC Bank, has 2,629 branches and 9,523 ATMs in 27 states and the District of Columbia. PNC Bank is among the largest in the U.S. in terms of assets, branches, deposits, and ATMs. The company also offers financial services like asset and wealth management, estate planning, loan servicing, and information processing. PNC is a major Small Business Administration lender and credit card issuer. They provide lending to private equity firms and middle market companies.
9. Truist Financial
- Head Quarters Location: Charlotte, North Carolina, U.S.
- Total Assets: 555.255 Billion USDs
The Truist Financial is an American bank based in Charlotte, North Carolina, formed in 2019 through the merger of BB&T and SunTrust Banks. It has 2,781 branches in 15 states and Washington, D.C., providing consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance services. As of August 2023, it’s the 9th largest U.S. bank with $514 billion in assets. Truist Insurance Holdings, part of the company, is the seventh-largest insurance broker globally, with $2.27 billion in annual revenue as of January 2021.
10. T.D. Bank
- Head Quarters Location: Cherry Hill, New Jersey, United States
- Total Assets: 516 Billion USDs
T.D. Bank National Association is an American bank and a multinational T.D. Bank Group subsidiary. It’s the seventh-largest U.S. bank by deposits and the 11th-largest by total assets. Headquartered in Cherry Hill, New Jersey, it operates in fifteen U.S. states and Washington, D.C. T.D. The bank’s history involves mergers, starting with the Portland Savings Bank and evolving through acquisitions. In 2008, T.D. Bank Group acquired Commerce Bank, forming T.D. Bank, N.A. In 2010, it acquired the South Financial Group with branches in the Carolinas and Florida.