Best U.S. Banks – Credit Ratings

Here is a list of the best banks in the United States based on the long-term credit ratings from three major international agencies: Moody's, Standard & Poor's (S&P) and Fitch. Currently, there are no AAA rated banks in North America; there are only European banks with triple-A rating. Credit ratings may be revised or withdrawn at any time by the respective rating agency. Ratings are as of March 2023.

Long-term Issuer/senior debt

Rank Bank Moody's Standard & Poor's Fitch Ratings
1 BNY Mellon, N.A. Aa2 AA- AA
2 The Northern Trust Company Aa2 AA- AA-
3 Bank of America, N.A. Aa2 A+ AA
4 JPMorgan Chase Bank, N.A. Aa2 A+ AA
5 Wells Fargo Bank, N.A. Aa2 A+ AA-
6 State Street Bank & Trust Co Aa3 AA- AA
7 J.P. Morgan Securities LLC Aa3 A+ AA
8 Morgan Stanley Bank, N.A. Aa3 A+ AA-
9 HSBC Bank USA, N.A. Aa3 A+ AA-
10 Citibank, N.A. Aa3 A+ A+
11 Morgan Stanley Private Bank, N.A. Aa3 A+ NR
12 U.S. Bank, N.A. A1 AA- AA-
13 MUFG Union Bank, N.A. A1 AA- AA-
14 TD Bank, N.A. A1 AA- AA-
15 Goldman Sachs Bank USA A1 A+ A+
16 Bank of New York Mellon Corp A1 A AA-
17 State Street Corporation A1 A AA-
18 JPMorgan Chase & Co A1 A- AA-
19 HSBC USA Inc A1 A- A+
20 Morgan Stanley A1 A- A+
21 Wells Fargo & Co * A1 BBB+ A+
22 Bank of America California, N.A. NA A+ AA
23 City National Bank A2 AA- A+
24 U.S. Bancorp A2 A+ AA-
25 Northern Trust Corporation A2 A+ A+
26 Bank of America Corp A2 A- AA-
27 Truist Bank A2 A A+
28 PNC Bank, N.A. A2 A A+
29 Goldman Sachs Group Inc A2 BBB+ A
30 Truist Financial Corporation A3 A- A+
31 Manufacturers & Traders Trust Company A3 A- A
32 PNC Financial Services Group A3 A- A
33 Comerica Bank A3 A- A-
34 Fifth Third Bank, N.A. A3 A- A-
35 KeyBank, N.A. A3 A- A-
36 The Huntington National Bank (HNB) A3 A- A-
37 Ameriprise Financial, Inc A3 A- A-
38 Capital One, National Association A3 BBB+ A
39 M&T Bank Corporation A3 BBB+ A
40 Citigroup Inc A3 BBB+ A
41 Comerica Incorporated A3 BBB+ A-
42 BMO Harris Bank, N.A. Baa1 A+ AA-
43 Regions Bank Baa1 A- A-
44 Citizens Bank, N.A. Baa1 A- BBB+
45 Fifth Third Bancorp Baa1 BBB+ A-
46 KeyCorp Baa1 BBB+ A-
47 Huntington Bancshares Inc Baa1 BBB+ A-
48 Regions Financial Corp Baa1 BBB+ A-
49 Capital One Financial Corp Baa1 BBB A-
50 Citizens Financial Group, Inc Baa1 BBB+ BBB+
51 Discover Bank Baa2 BBB BBB+
52 First Republic Bank B2 B+ B

* In July 2020, S&P downgraded Wells Fargo's long-term issuer credit rating to BBB+ from A-, with a stable outlook.