The Largest Banks in the U.S.

The U.S. banking industry currently includes approximately 4,800 commercial banks and savings institutions with over $23 trillion in total assets, $11 trillion in loans and 2.1 million employees. The four largest banks in the U.S. are JP Morgan Chase, Bank of America, Wells Fargo and Citibank. The Federal Reserve System (The Fed) is the central bank of the country. The top 10 U.S. banks hold combined assets of around $17.5 trillion. Here's a list of the largest and most popular banks in the United States ranked by total assets, according to the latest data from the companies' financial reports.

Top U.S. Banks by assets, branches and ATMs

The table shows the largest U.S. banks ranked by assets, branches, ATMs and number of customers and employees. JPMorgan Chase leads the list of the biggest U.S. banks.

Rank	Name	Total Assets *	Number of Branches	Number of ATMs	Number of Staff
1	JPMorgan Chase	$4,358 B	4,970	15,500	317,230
2	Bank of America	$3,349 B	3,700	14,890	213,190
3	Citigroup Inc	$2,572 B	645	2,300	239,000
4	Wells Fargo & Co	$1,950 B	4,196	11,000	225,869
5	Goldman Sachs	$1,766 B	NA	NA	45,300
6	Morgan Stanley	$1,300 B	NA	NA	80,006
7	U.S. Bancorp	$676.5 B	2,165	4,489	70,000
8	PNC Financial	$554.7 B	2,230	8,400	53,690
9	Truist Financial	$535.9 B	2,000	3,030	50,905
10	TD Bank	$523.9 B	1,183	2,710	28,280
11	Capital One	$493.6 B	300	1,312	52,000
12	Bank of New York Mellon	$440.7 B	NA	NA	53,400

* Total assets as of March 31, 2025

J.P. Morgan Chase

JPMorgan Chase & Co, headquartered in New York, is the largest bank in the U.S. in terms of assets, deposits, revenue and market capitalization. With over 4,900 branches, it employs about 317,000 people and provides a full array of financial products and services to individual and corporate customers. The company's main business areas include investment and consumer banking, small business and commercial banking, card services, treasury & securities services and asset management. JPMorgan Chase Bank maintains branch presence in all contiguous 48 U.S. states and Washington D.C.

Bank of America

Bank of America Corp, based in Charlotte, North Carolina, is the second largest bank in the nation by assets and market capitalization. It serves more than 68 million customers in the U.S. and internationally. It offers a comprehensive range of products and services to individuals, small businesses and large corporations including deposits, credit cards, loans, mortgages, investments, wealth management, treasury and trade services, online banking and more. For individuals, Bank of America offers several types of checking and savings accounts including traditional accounts as well as accounts designed for students, seniors and military personnel. BofA’s retail branch network covers more than 80% of the U.S. population and includes about 3,700 branches & financial centers and 14,900 branded ATMs.

Citigroup Inc

Citigroup Inc, based in New York, is a global financial services corporation with a presence across North and Latin America, Europe, the Middle East, Africa and Asia. It was formed in 1998 and today employs around 240,000 people. Now, the company's simpler structure consists of five interconnected core businesses: Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). Citibank N.A., the company’s consumer banking arm, operates through over 640 domestic branches concentrated in New York, Washington D.C., Miami, Chicago, San Francisco and Los Angeles. Citi is one of the world’s largest credit card issuers with over $500 billion in annual purchase sales.

Wells Fargo & Co

Wells Fargo & Co, based in San Francisco, California, is a diversified financial services company providing a broad array of products and services through three main business segments: Community Banking, Wholesale Banking and Wealth & Investment Management. The Bank's products include checking and savings accounts, debit and credit cards, personal and mortgage loans, online and mobile solutions, corporate and investment banking, trade finance, asset-based lending, equipment leasing, commercial real estate financing and more. The company is known for its strong customer service and community involvement and has a reputation for stability and reliability in the financial industry.

Goldman Sachs

The Goldman Sachs Group, founded in 1869, is one of the world's leading investment banks and financial services firms. The Group’s retail banking subsidiary, GS Bank USA, is a New York State-chartered bank providing savings accounts, personal loans, credit cards, mobile and online banking, and other services. The company’s shares are traded on the New York Stock Exchange under the ticker symbol GS. In 2025, Goldman Sachs was selected as Best M&A Bank and Best Investment Bank in North America by Global Finance.

Morgan Stanley

Morgan Stanley is a global investment bank employing more than 80,000 people worldwide. It provides a wide array of products and services to individuals, corporations, governments and financial institutions. The company’s main business areas are wealth and investment management and institutional securities. It was awarded World’s Best Bank for Financial Institutions and World’s Best Bank for Advisory by Euromoney.

U.S. Bancorp

U.S. Bancorp (NYSE: USB) is the parent company of U.S. Bank N.A., one of the top five commercial banks in the United States. It operates through an extensive network of over 2,160 branches and 4,500 ATMs primarily in the Midwest and West regions. The company’s business lines are consumer & business banking, corporate & commercial banking, investment services, wealth management and payment services. U.S. Bancorp is headquartered in Minneapolis, Minnesota and employs approximately 70,000 people.

PNC Financial Services Group

PNC Financial Services is one of the leading commercial banks in the U.S., with a main presence in the Mid-Atlantic, Midwest, Southeast and Southwest regions across 29 states. It is ranked among the top small-business lenders and commercial real estate lenders in the US. The Bank's products are high-yield savings and checking accounts, credit cards, residential mortgages, personal and auto loans, home equity and private student loans, insurance, investment and brokerage services, foreign exchange and more. It offers low cash mode virtual wallet feature that will give the ability to avoid unnecessary overdraft fees.

Truist Financial Corporation

Truist Financial Corp is one of the ten biggest bank holding companies in the United States. It provides retail, corporate and investment banking services through Truist Bank and other subsidiaries. The company maintains about 2,100 branches and 3,000 ATMs in 17 states and Washington DC. It offers checking, savings and money market accounts, mortgage and insurance products, personal and business loans, low APR, cash rewards and travel rewards credit cards, specialized lending, securities brokerage, asset and wealth management, online banking, foreign exchange and more. Truist’s mobile banking app has earned the number one ranking in the JD Power Satisfaction Study among national banks.

TD Bank

TD Bank N.A., the principal banking subsidiary of TD Group US Holding, serves more than 10 million customers through over 1,180 retail branches across 15 states including New Jersey, Connecticut, Delaware, New York, Florida, Pennsylvania, North Carolina, Maine, Rhode Island, Maryland, Vermont, Massachusetts, South Carolina, New Hampshire and Virginia. TD Auto Finance is ranked highest in dealer satisfaction with floor planning according to JD Power, one of the most prestigious marketing information companies.

Capital One

Capital One Financial, located in McLean, Virginia, maintains a network of around 300 branches including Capital One Cafés and 1,300 branded ATMs. It is also one of the largest car finance companies and issuers of MasterCard and Visa credit cards in the nation. Capital One 360 is the leading direct online bank in the U.S. Capital One customers have access to over 70,000 fee-free ATMs nationwide inluding MoneyPass ATMs and Allpoint ATMs.

Opening a Bank Account in the United States

Opening a bank account in the United States is a relatively straightforward process. Here are the steps you can follow:

Choose a Bank: Research and choose a bank that meets your needs. Some banks offer better interest rates or lower fees than others. You can also consider online banks, which offer more flexibility and convenience.

Gather the required documents: To open a bank account, you will need to provide a valid government-issued ID such as a passport, driver's license or state ID card. You may also need to provide proof of address, such as a utility bill or a lease agreement.

Apply online or in person: You can apply for a bank account online or in person at a bank branch. If you apply online, you will need to upload copies of your documents. If you've chosen a traditional brick-and-mortar bank, you'll need to visit a branch to open your account. You can make an appointment or walk-in. Online banks have an entirely online account opening process.

Fill out an Application: You'll need to fill out an application form, which will ask for your personal information such as your name, address, birthdate, phone, Social Security number or Taxpayer Identification Number.

Wait for Approval: The bank will review your application and determine whether to approve your account. This process can take minutes or a few days.

Top 10 U.S. Banks by Market Cap

Here's a list of the largest U.S. banks ranked by market capitalization as of January 31, 2025. JPMorgan Chase is the largest U.S. bank by market value, followed by Bank of America and Wells Fargo.

Rank	Name	Market Capitalization
1	JPMorgan Chase	$752.5 B
2	Bank of America	$355.3 B
3	Wells Fargo	$262.4 B
4	Morgan Stanley	$223.0 B
5	Goldman Sachs	$206.3 B
6	Citigroup Inc	$154.0 B
7	Charles Schwab	$151.4 B
8	PNC Financial	$79.7 B
9	Capital One	$77.8 B
10	U.S. Bancorp	$74.5 B
11	Truist Financial Corp	$63.2 B
12	Bank of New York Mellon	$62.5 B

Last updated May 19, 2025