The banking system in the United States include approximately 5,400 commercial banks and savings institutions with about $18 trillion in total assets, $10 trillion in total loans and $12.6 trillion in domestic deposits as of March 2019. Below is our annual list of the ten largest banks in America.

JPMorgan Chase & Co.

With a history dating back to 1799, JPMorgan Chase is the largest and one of the oldest banks in America. With corporate headquarters in New York and 5,036 branches, it employs more than 255,000 people and serves millions of individual and corporate customers around the globe. The main business areas include investment banking, consumer financial services, card services, commercial banking, treasury & securities products and asset management. The Board of Directors consists of 12 members. James Dimon is Chairman and Chief Executive Officer (CEO) of JPMorgan Chase. Marianne Lake is Chief Financial Officer. For the fiscal year ended December 31, 2018, JPMorgan Chase recorded total net revenue of $109 billion, net income of $24.4 billion, total deposits of $1.471 trillion (including $1.2 trillion in domestic deposits), total loans of $984.6 billion, stockholders’ equity of $257 billion, and debit and credit card sales volume of $271 billion. The company’s market capitalization was $356 billion as of June 14, 2019.

Bank of America

Headquartered in Charlotte, North Carolina, Bank of America is the second largest bank in the nation by total assets, deposits, loans, revenue and number of employees. The company’s retail branch network covers more than 80% of the U.S. population. The Bank’s business segments include retail banking, preferred and small business banking, U.S. trust, commercial, corporate and investment banking, global markets and Merrill Lynch wealth management. For the year ended December 31, 2018, Bank of America had $2.4 trillion in assets, $1.382 trillion in deposits, $947 billion in loans, $91 billion in total revenue and $28 billion in net income. With 205,000 employees, it serves more than 65 million retail and small business customers through 16,378 ATMs and 4,350 branches and financial centers nationwide.

Citigroup Inc

Founded in 1998 through the fusion of Citicorp and Travelers Group, it is the third largest banking group in the United States with operations in North and Latin America, Europe, Asia, Africa and the Middle East. Citi is the world’s largest credit card issuer with $535 billion in annual purchase sales. As of March 31, 2019, the company reported $1.958 trillion in total assets, $1.03 trillion in deposits, and $670 billion in loans. Citigroup operates approximately 2,400 branches and employs over 200,000 people.

Wells Fargo & Co

Based in San Francisco, California, Wells Fargo in one of the big four banks in the United States. The company’s core business lines are wholesale banking, community banking and wealth and investment management. With 259,000 employees, it operates a network of approximately 7,900 locations (including 5,518 retail branches) and 13,000 ATMs. In March 2019, it reported total assets of $1.890 trillion, loans of $938 billion, deposits of $1,264 billion and total equity of $199 billion. The company was established in 1852 and today serves over 70 million customers.

Goldman Sachs

Founded in 1869 by Marcus Goldman, a German financier, it is the fifth-largest bank in America in terms of total assets. The company is one of the largest investment banks in the world with assets under management of $1.5 trillion. It employs approximately 37,000 people and is headquartered in New York. David M. Solomon is an investment banker and Chairman and CEO of the Goldman Sachs Group plc. The company’s market capitalization was $72 billion as of March 27, 2019.

Morgan Stanley

Established in 1935 by Harold Stanley and Henry Morgan, it is the sixth largest bank in the United States by assets. With over 60,000 employees, it provides a wide array of financial products and services to individuals, corporations, governments and financial institutions. It is active in the following areas: wealth management, investment banking & capital markets, sales & trading, and investment management. Total client assets amounted to $2.3 trillion as of December 2018. James P. Gorman is Chairman and Chief Executive Officer of Morgan Stanley.

U.S. Bancorp/U.S. Bank

Headquartered in Minneapolis, Minnesota, U.S. Bancorp (NYSE: USB) is the seventh largest banking group in the list of the top 10 banks in the United States. With a history dating back to 1863, it operates in the following segments: retail and business banking, wealth management and investment banking, corporate and commercial banking, and payment services. With over 73,000 employees, it maintains a network of over 3,000 branches and 4,680 ATMs primarily in the Midwest and West regions of the country. Andrew Cecere is Chairman, President and Chief Executive Officer (CEO) of U.S. Bancorp.

PNC Financial Services

Located in Pittsburgh, Pennsylvania, it employs 53,000 people and has a presence in 19 states across the Mid-Atlantic, Midwest and Southeast. The company was founded in 1845 and today serves over 8 million customers through an extensive network of approximately 2,400 branches and 9,200 ATMs. As of March 31, 2019, the total assets, deposits and loans amounted to $393 billion, $271 billion and $230 billion, respectively. William S. Demchak is Chairman, President and CEO of PNC Financial Services Group.

TD Bank

TD Bank N.A, a subsidiary of Canadian Toronto-Dominion Bank, is one of the top 10 banking institutions in the United States as measured by deposits and assets. It was established in 1852 as Portland Savings Bank in Maine. Today, with approximately 28,000 staff and 10 million clients, it operates more than 1,230 retail branches and 2,640 ATMs across 15 states including Connecticut, New Jersey, Delaware, New York, Florida, Pennsylvania, North Carolina, Maine, Rhode Island, Maryland, Massachusetts, Vermont, South Carolina, New Hampshire and Virginia. TD Auto Finance was ranked highest in dealer satisfaction with floor planning, according to J.D. Power, one of the most prestigious marketing information companies.

As of January 31, 2019, TD Bank reported $314 billion in total assets, $266 billion in total deposits and $156 billion in total loans. The company is headquartered at 1701 Route 70 East, Cherry Hill, New Jersey. Gregory B. Braca is President and Chief Executive Officer (CEO) of TD Bank. Bharat Masrani is Chairman of the Board.

Capital One Financial Corp

Based in McLean, Virginia, Capital One is the tenth largest bank in our list. Founded in 1994, it is engaged in debit and credit cards, auto loans, mortgage banking, and checking and savings accounts. It is one of the top 5 largest credit card issuers and car finance companies in the United States as well as largest U.S. direct bank. The company also offers private banking and wealth management, capital markets, treasury management, corporate cards, healthcare financing solutions; food, beverage and agriculture lending, government banking and municipal finance, commercial real estate, maritime lending and other services.

Banking and lending services are provided through such subsidiaries as Capital One Bank (USA) and Capital One, N.A. (CONA). Investment products are provided through Capital One Investing. The company also offers products and services abroad through Capital One (Europe) and a branch in Canada. With 47,600 employees, the company maintains a network of 760 branches, including comfortable Capital One Cafés, and 2,000 ATMs. The branches are mainly located in New York, Texas, Virginia, Louisiana, New Jersey, Maryland and Washington D.C. Richard D. Fairbank is Founder, Chairman, President and CEO of Capital One.

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Top 10 Banks in America by Number of ATMs

Here is a ranking of the ten largest U.S. banks based number of ATMs as of January 2019.

1. JPMorgan Chase & Co.
Number of ATMs: 18,000

2. Bank of America Corp
Number of ATMs: 16,255
Branches: 4,341

3. Wells Fargo & Co
Number of ATMs: 13,000
Locations: 7,800

4. PNC Bank
Number of ATMs: 9,200

5. U.S. Bancorp
Number of ATMs: 4,681

6. Citizens Bank
Number of ATMs: 3,100

7. TD Bank
Number of ATMs: 2,641

8. BB&T Corp
Number of ATMs: 2,573
Branches: 1,879

9. Fifth Third Bank
Number of ATMs: 2,419

10. Citibank
Number of ATMs: 2,400

11. Capital One
Number of ATMs: 2,000

Top 10 US Banks by Market Capitalization

Here is a list of the top 10 banks in the United States ranked by market capitalization as of July 1, 2019. JP Morgan Chase is the largest U.S. bank based on market value.

Rank Bank Market Capitalization, $b (July 1, 2019)
1 JPMorgan Chase 362.7 B
2 Bank of America 275.7 B
3 Wells Fargo & Co 212.7 B
4 Citigroup Inc 161.9 B
5 U.S. Bancorp 83.4 B
6 Goldman Sachs Group 77.8 B
7 Morgan Stanley 73.7 B
8 PNC Financial Services Group 62.0 B
9 Charles Schwab Corp 53.7 B
10 Capital One Financial 42.5 B
10 Bank of New York Mellon 42.5 B