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 close to *** trillion U.S. dollars as of June 2025. 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 early 2025, all the "big four" banks in the United States maintained a common equity tier 1 (CET1) capital ratio significantly above the required minimum of *** percent. JPMorgan Chase reported a CET1 ratio of ***** percent. Meanwhile, the highest CET1 ratio among U.S. banks during this period was ***** percent, achieved by TD Bank, the 12th largest bank in the country in the first half of 2025.

JPMorgan Chase dominated the U.S. banking landscape in 2023, reporting a net income of **** billion U.S. dollars, almost ** billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly ** billion U.S. dollars. These three banks were also the largest banks based on total assets. The substantial lead held by JPMorgan Chase underscores its position as the financial powerhouse among American banks, reflecting its robust performance across various banking sectors. Market capitalization and global standing JPMorgan Chase's financial prowess extends beyond net income. With a market capitalization of ****** billion U.S. dollars as of December 31, 2023, it stood as the most valuable bank in the United States. Its massive market capitalization also made it the largest bank globally, with Bank of America following from a distance. This impressive valuation, coupled with its substantial net income, cements JPMorgan Chase's status as a financial titan. Asset base of JPMorgan Chase JPMorgan Chase's leadership is also evident in its asset base. The bank held **** percent of total banking assets in the United States as of December 2023, surpassing Bank of America and Wells Fargo. This substantial market share translated to over *** trillion U.S. dollars in total assets.

Dataset Summary

This dataset contains information about the largest banks globally, including their rank, name, and total assets (in US$ billion as of 2023). The data was scraped from Wikipedia's List of Largest Banks. It can be used for financial analysis, market research, and educational purposes.

  Dataset Structure





  Columns

Rank: The rank of the bank based on total assets. Bank Name: The name of the bank. Total Assets (2023, US$ billion): The total assets of… See the full description on the dataset page: https://huggingface.co/datasets/iamramzan/Largest-Banks.

As of January 14, 2025, the market capitalization of ************** amounted to ****** billion U.S. dollars, making it the largest bank in the United States. By this measure, the second-largest bank was ***************, followed by ***********. ************** and *************** are 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.

The quarterly net incomes of the U.S.' five largest banks all declined substantially in 2022 when compared to 2021. U.S. Bancorp seemed to be the most able to maintain a steady growth rate, particularly between 2012 and 2019. Bank of America, on the other hand, had notable fluctuations over the years. Despite the differences, there seems to be one thing in common: After a sharp increase in four out of the five largest U.S. banks' quarterly income growth rate in the first quarter of 2021, there was a steady decline throughout the rest of 2021. As of 2022, none of the observed banks managed to produce a positive income growth rate. In 2023, however, JPMorgan Chase, Bank of America, and Wells Fargo all performed significantly better.

In 2024, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 177 billion U.S. dollars. Bank of America and Wells Fargo followed, with 101.9 and 82.3 billion U.S. dollars, respectively. These three banks were also the largest banks in terms of total assets in the United States that year. Commercial banking A commercial bank is a bank that offers financial services to private customers and companies, such as accepting deposits, checking services or loans. Commercial banks earn money through interest rates on the loans that they offer. Such rates are significantly higher than the interest rates paid to the bank customers for depositing their assets in a bank. This difference in rates is called net interest income, which is one of the leading indicators of bank performance. Commercial vs investment banks Some banks specialize only in commercial or investment banking, while some banks combine both divisions in their operations. Investment banks specialize in managing assets of their clients, underwriting securities or supervising merger and acquisition transactions.

As of June 2024, JPMorgan Chase led the U.S. banking sector with approximately **** percent of total domestic deposits, closely followed by Bank of America at nearly ** 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 ***** 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.

In 2024, the Industrial and Commercial Bank of China (ICBC) was the world's largest bank by total assets, reaching nearly 6.7 trillion U.S. dollars. The next three largest banks were also based in China: the Agricultural Bank of China, China Construction Bank, and Bank of China. The largest non-Chinese bank that year was JPMorgan Chase, with total assets exceeding four trillion U.S. dollars. Largest bank by market capitalization The value of total assets is a common measure of a bank's prosperity, and is defined as all assets owned by the bank. Another common indicator is the bank's market capitalization, which is used to determine the size of the bank. The market capitalization is the market price of one share multiplied by the number of shares outstanding. Ranked by market capitalization instead of total assets, JPMorgan Chase was the largest bank in the world in 2024, while ICBC ranked third. How do digital banks compare? Digital banks have surged in popularity over the past decade, attracting millions of customers with their convenient mobile interfaces, lower fees, and innovative financial products. Despite this impressive user growth, their financial footprint remains dwarfed by traditional banking institutions. A prime example is WeBank, which despite boasting approximately 400 million users - making it the world's largest digital bank by customer count - managed total assets of only about 74 billion U.S. dollars in 2023.

Graph and download economic data for Treasury and Agency Securities, Large Domestically Chartered Commercial Banks (TASLCBM027SBOG) from Apr 1985 to Jan 2023 about agency, large, domestic, securities, Treasury, banks, depository institutions, and USA.

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US Retail Banking Market Size 2025-2029

The US retail banking market size is forecast to increase by USD 92.1 billion at a CAGR of 4.2% between 2024 and 2029.

The Retail Banking Market in the US is witnessing significant shifts driven by the ongoing digital transformation. Banks are increasingly adopting cloud-based solutions to enhance customer experience, streamline operations, and reduce costs. This transition is reshaping the competitive landscape, with traditional players competing against fintechs and digital-only banks. However, this digital evolution brings new challenges. Cybersecurity threats are on the rise, as retail banks become more reliant on technology and digital platforms.
Protecting sensitive customer data and maintaining robust security measures are becoming critical priorities. As retail banking continues to evolve, players must navigate these challenges while leveraging technology to offer personalized services, improve efficiency, and meet evolving customer expectations.

What will be the size of the US Retail Banking Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The retail banking market in the US continues to evolve, with a focus on enhancing customer experience, ensuring financial crime prevention, and improving operational efficiency. Customer service automation and digital identity verification are key areas of investment, aiming to provide a personalized banking experience. Regulatory reporting systems and compliance management software are essential for maintaining network infrastructure resilience and transaction security protocols. Financial product innovation and investment advisory services are driving growth in the industry, with expectations of a 5% annual expansion. For instance, a leading bank reported a 25% increase in digital transactions in the last quarter, underscoring the shift towards digital channels.
Risk assessment methodologies and fraud prevention technologies are also crucial, as operational efficiency metrics become increasingly important in a competitive landscape. Branch network optimization, loan underwriting processes, and insurance product integration are ongoing initiatives to cater to diverse customer needs. Payment processing speed and customer loyalty programs are other areas of focus, as banks strive to maintain a competitive edge. Wealth management solutions, account opening procedures, and customer support channels are further aspects of the market that are continuously unfolding, reflecting the dynamic nature of the retail banking sector.

How is this US Retail Banking Market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Private sector banks
  Public sector banks
  Foreign banks
  Community development banks
  Non-banking financial companies


Service

  Saving and checking account
  Personal loan
  Mortgages
  Debit and credit cards
  Others


Channel

  Direct sales
  Distributor


Consumer Segment

  Individual Consumers
  Small Businesses
  Corporation


Delivery Mode

  Branch Banking
  Online Banking
  Mobile Banking


Geography

  North America

    US

By Type Insights

The private sector banks segment is estimated to witness significant growth during the forecast period.

The US retail banking market is experiencing significant evolution, with private sector banks leading the charge. Institutions such as JPMorgan, Bank of America, Wells Fargo, and Citibank are at the forefront, offering high-net-worth individuals personalized financial advice, customer relationship management, and advanced risk management models. Regulatory changes have played a pivotal role in market growth, enabling new entrants to join the fray. These newcomers bring innovative solutions, including transaction authorization protocols, financial data analytics, ATM network optimization, and biometric authentication systems. Furthermore, the integration of payment gateways, digital lending platforms, and mobile wallets caters to changing consumer preferences. The market is expected to grow at a steady pace, with industry experts projecting a 5% increase in revenue over the next year.

A notable example of innovation is the implementation of real-time transaction processing and fraud detection systems, which has resulted in a 30% reduction in fraudulent activities for some leading banks. The adoption of cloud-based banking infrastructure, open banking APIs, and branchless banking operations further underscores the sector's commitment to customer experience and convenience. Regulatory compliance frameworks, including KYC/AM

************** was the leading bank in the United States as of December 2024, with its market share of total assets amounting to ***** percent. This means that the value of assets of ************** was equivalent to ***** percent of the total value of assets of all FDIC-insured institutions in the United States. Bank of America and Wells Fargo followed, with ***** and **** percent of the total banking assets, respectively. The value of JPMorgan Chase's total assets exceeded *** trillion U.S. dollars in 2024. JPMorgan Chase: an industry leader in U.S. banking JPMorgan Chase is undoubtedly one of the leading financial services companies in the United States. It does not only rank first in terms of market share of total assets, but it also has the largest market capitalization and value of total and domestic deposits. The New York-based banking giant is also among the largest banks globally. In terms of assets, JPMorgan Chased ranked fifth in 2023, with only four Chinese banks having had higher amounts of assets. Bank failures in the U.S. The failures of Silicon Valley Bank (SVB) and Signature Bank in March 2023 marked the first bank failures in the U.S. since 2021. The total assets lost in the failure of these two banks amounted to ***** billion U.S. dollars. In comparison, the total assets of the *** U.S. bank failures between 2010 and 2022 amounted to *** billion U.S. dollars. Both SVB and Signature Bank had a disproportionately low share of deposits of less than ******* U.S. dollars in the fourth quarter of 2022 (*** percent and *** percent, respectively), which meant that the majority of deposits held at these banks were not secured by the FDIC.

United States - Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets was 1690190.00000 Mil. of $ in April of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets reached a record high of 1795829.00000 in October of 2023 and a record low of 107328.00000 in January of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets - last updated from the United States Federal Reserve on September of 2025.

United States - Large Time Deposits, Domestically Chartered Commercial Banks was 6.00000 % Chg. at Annual Rate in June of 2025, according to the United States Federal Reserve. Historically, United States - Large Time Deposits, Domestically Chartered Commercial Banks reached a record high of 94.90000 in February of 2023 and a record low of -62.70000 in November of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Large Time Deposits, Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on August of 2025.

In 2024, JPMorgan Chase was the largest U.S. employer in the banking sector, with a workforce exceeding ******* by year-end. Wells Fargo followed, employing over ******* people. JPMorgan Chase also held the top spot for the most bank branches in the country, a factor that likely contributed to its substantial headcount. Employment in the U.S. banking sector The number of employees of FDIC-insured banks in the United States fluctuated during the last decade, from around **** million in 2012, down to **** million in 2014, and up to around **** million in 2024. There is no clear downward trend in bank employment in the United States, despite the decreasing number of bank branches in the last several years. The largest banks The big four in the U.S. banking industry are JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. The largest, JPMorgan Chase, is not only the leading bank in the United States in terms of market capitalization, but also the leading bank in the world. The bank had a market capitalization of around *** billion U.S. dollars in 2024.

United States - Other Securities, Large Domestically Chartered Commercial Banks was 538.69410 Bil. of U.S. $ in July of 2025, according to the United States Federal Reserve. Historically, United States - Other Securities, Large Domestically Chartered Commercial Banks reached a record high of 641.46100 in January of 2023 and a record low of 96.92140 in April of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Other Securities, Large Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on September of 2025.

United States - Large Time Deposits, Small Domestically Chartered Commercial Banks was 4.00000 % Chg. at Annual Rate in July of 2025, according to the United States Federal Reserve. Historically, United States - Large Time Deposits, Small Domestically Chartered Commercial Banks reached a record high of 79.40000 in February of 2023 and a record low of -30.40000 in September of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Large Time Deposits, Small Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on September of 2025.

United States - Real Estate Loans, Large Domestically Chartered Commercial Banks was 2471.25090 Bil. of U.S. $ in July of 2025, according to the United States Federal Reserve. Historically, United States - Real Estate Loans, Large Domestically Chartered Commercial Banks reached a record high of 2520.32880 in May of 2023 and a record low of 310.51200 in April of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Real Estate Loans, Large Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on August of 2025.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Banks. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Banks. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Banks, householders within the 25 to 44 years age group have the highest median household income at $94,167, followed by those in the 45 to 64 years age group with an income of $84,566. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $81,667. Notably, householders within the under 25 years age group, had the lowest median household income at $70,000.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Banks median household income by age. You can refer the same here

In 2023, ** of the ** largest U.S. banks had a Tier 1 leverage ratio exceeding **** percent. Capital One led with the highest ratio at **** percent, followed by Citizens Bank and First Republic, both at *** percent. The only exceptions among the largest banks were TD Bank and BMO Harris Bank, which reported Tier 1 leverage ratios below **** percent.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Banks, AL, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 9,233, while the mean income for the highest quintile (20% of households with the highest income) is 123,057. This indicates that the top earners earn 13 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 161,326, which is 131.10% higher compared to the highest quintile, and 1747.28% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Banks median household income. You can refer the same here