US Retail Banking Companies - Top Company List (2024)

FAQs

What are the top 10 banks in the US? ›

The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.

The leading banks in the U.S.

The U.S. banking sector is dominated by four major institutions, commonly known as "the big four": JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. JPMorgan Chase stands out as the leader among these financial giants.

What Is the Richest Bank in America? JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets.

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list.

JPMorgan Chase dominated the U.S. banking landscape in 2023, reporting a net income of 47.5 billion U.S. dollars, almost 20 billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly 22 billion U.S. dollars.

Largest banks in the U.S. 2024, by number of branches

As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with 5,110 branches nationwide.

Which is the richest bank in the world? ›

How Many Banks are in the U.S.? As of March 31, 2024, the FDIC listed 4,577 banks in total in the U.S. That's a decrease of 138 banks from December 2022 (4,715). Over the past 3 years, the number of banks has continued to decline. In 2021, there were 4,983 banks.

Largest banks in the U.S. 2024, by number of branches

As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with 5,110 branches nationwide.

The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

The only tier one investment bank might be JPMorgan Chase because it ranks first or second globally across most product areas. Tier two would be Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, and Citigroup. Examples of tier three would be UBS, BNP Paribas, and SocGen.

Tier 1 includes the "big three" listed above. Tier 2 includes Credit Suisse, Barclays, and Deutsche Bank. Tier 3 includes UBS, BNP Paribas, and SocGen.