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JPMorgan Chase is the largest US bank by assets, according to the latest release from The Federal Reserve Board.
Here is the full list of the top 10 banks in the US, ranked by assets as of December 31, 2024.
JPMorgan Chase Bank, headquartered in Columbus, OH, remains America’s largest bank with consolidated assets of $3.46 trillion. Its domestic assets total $2.66 trillion (77% of the total). The bank maintains an extensive network of 4,970 domestic branches and 32 foreign branches.
Charlotte-based Bank of America holds the second position with $2.59 trillion in consolidated assets. Domestic assets make up $2.44 trillion (94% of total). The bank operates through 3,669 branches across the US and 21 foreign locations.
Wells Fargo Bank, based in Sioux Falls, SD, ranks third with $1.71 trillion in consolidated assets. Nearly all of its holdings ($1.68 trillion or 99%) are domestic. The bank maintains 4,227 branches in the US and 10 foreign locations.
Also based in Sioux Falls, SD, Citibank places fourth with consolidated assets of $1.70 trillion. Unlike its peers, only 62% ($1.06 trillion) of its assets are domestic. The bank operates 649 US branches alongside an extensive international network of 110 foreign branches.
Cincinnati-headquartered U.S. Bank ranks fifth with $662.9 billion in consolidated assets. Its domestic assets of $655.5 billion represent 99% of the total. The bank maintains 2,201 domestic branches and a single international location.
New York-based Goldman Sachs Bank USA holds sixth place with $558.2 billion in consolidated assets. Its domestic assets total $504.5 billion (90% of total). Unlike retail-focused competitors, Goldman maintains minimal branch presence with just 2 domestic and 2 foreign locations.
PNC Bank, headquartered in Wilmington, DE, ranks seventh with $556.1 billion in consolidated assets. The bank’s domestic assets make up $552.2 billion (99% of total). PNC serves customers through 2,308 US branches and one international location.
Charlotte-based Truist Bank places eighth with $523.1 billion in assets. Virtually all of its assets ($523.1 billion) are domestic. The bank operates exclusively within the US through its network of 1,928 branches.
McLean, VA-based Capital One ranks ninth with $487.2 billion in consolidated assets. Nearly all of these assets ($486.7 billion) are domestic. The bank maintains a focused branch network of 257 US locations and one foreign branch.
Wilmington, DE-headquartered TD Bank rounds out the top ten with $372.8 billion in consolidated assets, all of which are domestic. The bank operates 1,134 branches across the US with no foreign locations.
Here are some recent trends covered in EMARKETER reports.
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Top 10 biggest US banks by assets: Data drop – eMarketer
