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. It was followed by Wells Fargo Bank, which operated 4,349 branches, and Bank of America, with 3,975 branches. For context, Wells Fargo had approximately three times the number of branches as Lloyds Bank, the leading British bank by branch count. Is the U.S. banking sector stable? The stability of the U.S. banking sector has improved steadily since the aftermath of the 2008 financial crisis. The share of non-performing loans held by U.S. banks has consistently decreased over time. As of the first quarter of 2024, all four of the largest U.S. banks—Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup—maintained a Common Equity Tier 1 (CET1) capital ratio well above the Basel-III minimum requirement of 4.5 percent. The CET1 capital ratio, which measures a bank’s core capital against its risk-weighted assets, is a key indicator of a bank's financial strength and resilience. Digital banking in the U.S. With the rise of digital services, many traditional banking functions can now be performed online, reducing the need for a physical presence. Since 2009, the number of bank branches in the United States has steadily declined as consumers increasingly rely on digital banking solutions. This trend accelerated during the COVID-19 pandemic, with more Americans turning to online banking for convenience and cost-effectiveness.

Graph and download economic data for Commercial Banks in the U.S. (DISCONTINUED) (USNUM) from Q1 1984 to Q3 2020 about commercial, banks, depository institutions, and USA.

Bank of America led as the most valuable North American banking brand in 2024, with a brand value of 37.26 billion U.S. dollars. Wells Fargo and Chase tied for second place, each valued at 35.81 billion U.S. dollars. The top five banking brands in North America were all based in the United States. TD Bank, the highest-valued Canadian banking brand, ranked sixth with a brand value of 18.96 billion U.S. dollars.

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world. Total assets of banks As the largest bank in the United States, JPMorgan Chase had total assets worth over 3.5 trillion U.S. dollars as of September 2024. Despite being the bank with the highest market capitalization in the world, the bank ranked only fifth in terms of total assets worldwide, while the top four positions were all held by Chinese banks. Stability in the banking sector in the United States In the second quarter of 2024, all of the "big four" banks in the United States maintained a common equity tier 1 (CET1) capital ratio significantly above the required minimum of 4.5 percent. JPMorgan Chase reported a CET1 ratio of 15.33 percent. Meanwhile, the highest CET1 ratio among U.S. banks during this period was 16.77 percent, achieved by TD Bank, the tenth-largest bank in the country in 2024.

Graph and download economic data for Banks with Total Assets from $1B to $10B (DISCONTINUED) (FREQ3) from Q1 1988 to Q3 2020 about assets, banks, depository institutions, and USA.

Graph and download economic data for Deposits, All Commercial Banks (DPSACBM027NBOG) from Jan 1973 to Feb 2025 about deposits, banks, depository institutions, and USA.

Graph and download economic data for Commercial Banks in the U.S. with average assets under $300M (DISCONTINUED) (US300NUM) from Q1 1984 to Q3 2020 about commercial, assets, banks, depository institutions, and USA.

Graph and download economic data for Total Equity to Total Assets, Banks with Total Assets over $20B (DISCONTINUED) (EQTA5) from Q1 1988 to Q3 2020 about equity, assets, banks, depository institutions, and USA.

The Challenger Banks Market in North America is Segmented by Service Type (loans, Mobile Banking, Checking & Savings Accounts, Payment & Money Transfer, and Others), End-User Type (business and Personal), and Country (USA and Canada). The Report Offers Market Size and Forecasts for the Challenger Banks in North America in Value (USD) for all the Above Segments.

Graph and download economic data for Borrowings from Banks in the U.S., All Commercial Banks (DISCONTINUED) (BBUACBM027NBOG) from Oct 1996 to Dec 2017 about borrowings, banks, depository institutions, and USA.

Graph and download economic data for Commercial Banks in the U.S. with average assets under $1B (DISCONTINUED) (US1NUM) from Q1 1984 to Q3 2020 about commercial, assets, banks, depository institutions, and USA.

Graph and download economic data for Total Assets, All Commercial Banks (TLAACBW027SBOG) from 1973-01-03 to 2025-03-12 about assets, banks, depository institutions, and USA.

Graph and download economic data for Total Assets for Commercial Banks in Nevada (DISCONTINUED) (NVTAST) from Q1 1984 to Q3 2020 about NV, commercial, assets, banks, depository institutions, and USA.

Graph and download economic data for Number of Bank Branches for United States (DDAI02USA643NWDB) from 2004 to 2019 about banks, depository institutions, and USA.

United States - Total Assets, All Commercial Banks was 22924.48300 Bil. of U.S. $ in April of 2022, according to the United States Federal Reserve. Historically, United States - Total Assets, All Commercial Banks reached a record high of 22944.85600 in March of 2022 and a record low of 697.58170 in January of 1973. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Total Assets, All Commercial Banks - last updated from the United States Federal Reserve on March of 2025.

As of March 31, 2024, JPMorgan Chase led the U.S. banking sector with approximately 11.7 percent of total domestic deposits, closely followed by Bank of America at nearly 11 percent. This distribution reflects the concentrated nature of the U.S. banking industry, where, despite thousands of commercial banks operating nationwide, the market is dominated by the top four institutions. The total value of deposits held at FDIC-insured commercial banks has decreased in recent years, amounting to 17.83 trillion U.S. dollars in 2023. The U.S. banking industry The banking industry in the United States accounts for tens of trillions of U.S. dollars in assets under management. While there are thousands of commercial banks in the country, the market is dominated by the largest four of these. This is particularly true when considering functions such as private and investment banking. Other measures This ranking presents the market share of domestic assets, but other measures give a slightly different picture. For example, looking at the value of total assets shows a higher market share in the hands of the top four firms. Apart from that, the revenue of leading commercial banks can also give a better idea of banks’ financial standing.

As of January 14, 2025, the market capitalization of JPMorgan Chase amounted to 688.68 billion U.S. dollars, making it the largest bank in the United States. By this measure, the second-largest bank was Bank of America, followed by Wells Fargo. JPMorgan Chase and Bank of America were also the two largest banks in the world by market capitalization. What is market capitalization? Market capitalization, or stock market value, is the total value of shares issued by a publicly traded company. It reflects the equity value of a company. Market cap is calculated by multiplying the market price of one share by the number of shares outstanding. For example, the market cap of Bank of America can be calculated by multiplying its share price by the number of shares it has issued. Other measures of company size Total assets also allow to determine the size of a bank. Instead of focusing on the stock price, this metric measures the size of the bank’s operations by counting the size of its balance sheet. Bank revenue and income are also common indicators used to compare banks and their performance.

Graph and download economic data for Return on Average Assets for all U.S. Banks (DISCONTINUED) (USROA) from Q1 1984 to Q3 2020 about ROA, banks, depository institutions, and USA.

The number of FDIC-insured commercial bank branches increased in 2023 for the first time since 2012. At the end of the year, there were 69,996 branches in the country, up from 69,905 a year earlier. After a period of growth from 2000 to 2008, the number of bank branches has been slowly diminishing. In 2023, JPMorgan Chase led the ranking of banks with the highest number of branches. What does the FDIC do? The FDIC (Federal Deposit Insurance Corporation) is an agency created by the United States Congress that guarantees the deposits in commercial banks up to 250,000 U.S. dollars. This protects depositors if the bank becomes insolvent. It also enables banks to issue more loans, since depositors may prefer banks that are insured by the FDIC. Trends in the banking industry While the number of branches has stayed relatively stable, the number of FDIC-insured commercial banks has declined in recent years. As younger generations become more accustomed to online and digital banking, the need for bank branches may also wane.

Graph and download economic data for Total Assets for Commercial Banks in New York (DISCONTINUED) (NYTAST) from Q1 1984 to Q3 2020 about NY, commercial, assets, banks, depository institutions, and USA.