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 December 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 third quarter of 2024, 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 tenth-largest bank in the country in 2024.

JPMorgan Chase Bank reported the highest value of domestic deposits in the United States as of March 31, 2025. The value of total domestic deposits of JPMorgan Chase exceeded ************ U.S. dollars. Bank of America reported the second highest domestic deposits, with a value of around **** trillion U.S. dollars.

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.

Graph and download economic data for Deposits, Large Domestically Chartered Commercial Banks (DPSLCBM027SBOG) from Apr 1985 to Jun 2025 about large, deposits, domestic, banks, depository institutions, and USA.

As of December 2022, JPMorgan Chase had the highest value of deposits across all FDIC-insured institutions in the United States. JPMorgan Chase's value of deposits amounted to roughly 2.44 billion U.S. dollars, which was followed by Bank of America, with deposits just above two billion U.S. dollars. Silicon Valley Bank, which collapsed in March 2022, had 175.38 billion U.S. dollars worth of deposits.

The H.8 release provides an estimated weekly aggregate balance sheet for all commercial banks in the United States. The release also includes separate balance sheet aggregations for several bank groups: domestically chartered commercial banks; large domestically chartered commercial banks; small domestically chartered commercial banks; and foreign-related institutions in the United States. Foreign-related institutions include U.S. branches and agencies of foreign banks as well as Edge Act and agreement corporations. Published weekly, the release is typically available to the public by 4:15 p.m. each Friday. If Friday is a federal holiday, then the data are released on Thursday.The H.8 release is primarily based on data that are reported weekly by a sample of approximately 875 domestically chartered banks and foreign-related institutions. As of December 2009, U.S. branches and agencies of foreign banks accounted for about 60 of the weekly reporters and domestically chartered banks made up the rest of the sample. Data for domestically chartered commercial banks and foreign-related institutions that do not report weekly are estimated at a weekly frequency based on quarterly Call Report data.

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.

Graph and download economic data for Total Assets, Large Domestically Chartered Commercial Banks (TLALCBW027NBOG) from 1985-04-03 to 2025-07-02 about large, domestic, assets, banks, depository institutions, and USA.

As of December 31, 2024, the largest bank in the world in terms of market capitalization was the U.S.-based JPMorgan Chase. The American banking giant's market cap exceeded 678 billion U.S. dollars, which was significantly higher than Bank of America's, which ranked second with a market cap of approximately 340.21 billion U.S. dollars. JPMorgan Chase was also the largest bank in the United States in terms of total assets but ranked only fifth globally, behind four Chinese banks. What is market capitalization? Market capitalization, also known as stock market value, is the total value of issued shares of a publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. It applies only to publicly traded companies or companies that have made their stock market debut, also known as an initial public offering, or IPO. Due to the nature of the capitalist system and the practice of buying and selling stocks in public markets, market capitalization can be used as a proxy for the wider public’s opinion of a company’s net worth, making it therefore a determining factor in calculating other theoretical values of companies and their stocks, for example, stock valuation. How were banks affected by the coronavirus outbreak? The outbreak of the coronavirus left no industries unaffected and had a significant impact on the global financial markets. This can be seen in the banking industry, as the market capitalization of the largest banks worldwide dropped markedly between December 2019 and March 2020. For the largest bank, JPMorgan Chase, it was not until February 2021 that the market capitalization saw pre-pandemic figures again.

Graph and download economic data for Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets (ACLT100) from Q1 1985 to Q1 2025 about assets, loans, consumer, banks, depository institutions, and USA.

Graph and download economic data for Total Assets, All Commercial Banks (TLAACBW027SBOG) from 1973-01-03 to 2025-07-02 about assets, banks, depository institutions, and USA.

United States - Total Assets, Interest-Earning, All Loans and Leases, Gross, Secured by Real Estate, Farmland, Booked in Domestic Offices, Banks Not Among the 100 Largest in Size by Assets was 99828.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Total Assets, Interest-Earning, All Loans and Leases, Gross, Secured by Real Estate, Farmland, Booked in Domestic Offices, Banks Not Among the 100 Largest in Size by Assets reached a record high of 99828.00000 in January of 2025 and a record low of 9312.00000 in January of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Total Assets, Interest-Earning, All Loans and Leases, Gross, Secured by Real Estate, Farmland, Booked in Domestic Offices, Banks Not Among the 100 Largest in Size by Assets - last updated from the United States Federal Reserve on July of 2025.

United States - Total Assets, Large Domestically Chartered Commercial Banks was 11.50000 % Chg. at Annual Rate in April of 2025, according to the United States Federal Reserve. Historically, United States - Total Assets, Large Domestically Chartered Commercial Banks reached a record high of 61.70000 in March of 2020 and a record low of -23.50000 in July of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Total Assets, Large Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on June of 2025.

United States Large Dom Banks: Weekly: sa: Total Assets data was reported at 9,952.500 USD bn in 17 Jul 2019. This records an increase from the previous number of 9,889.325 USD bn for 10 Jul 2019. United States Large Dom Banks: Weekly: sa: Total Assets data is updated weekly, averaging 3,786.242 USD bn from Apr 1985 (Median) to 17 Jul 2019, with 1790 observations. The data reached an all-time high of 9,952.500 USD bn in 17 Jul 2019 and a record low of 1,500.067 USD bn in 03 Apr 1985. United States Large Dom Banks: Weekly: sa: Total Assets data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB034: Balance Sheet: Commercial Banks: Large Domestic Chartered Banks.

As of March 2024, JPMorgan Chase Bank was the largest bank in the United States by the number of branches, with ***** branches nationwide. It was followed by Wells Fargo Bank, which operated ***** branches, and Bank of America, with ***** 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 *** 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.

United States Large Dom Banks: Other Assets data was reported at 993.324 USD bn in Jun 2019. This records an increase from the previous number of 973.460 USD bn for May 2019. United States Large Dom Banks: Other Assets data is updated monthly, averaging 344.552 USD bn from Apr 1985 (Median) to Jun 2019, with 411 observations. The data reached an all-time high of 1,119.218 USD bn in Oct 2010 and a record low of 79.393 USD bn in Feb 1986. United States Large Dom Banks: Other Assets data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB035: Balance Sheet: Commercial Banks: Large Domestic Chartered Banks: Monthly.

The USA: Bank concentration: percent of bank assets held by top three banks: The latest value from 2021 is 38.4 percent, a decline from 39.28 percent in 2020. In comparison, the world average is 67.43 percent, based on data from 135 countries. Historically, the average for the USA from 2000 to 2021 is 33.9 percent. The minimum value, 21.45 percent, was reached in 2000 while the maximum of 42.29 percent was recorded in 2015.

United States - Other Assets, Large Domestically Chartered Commercial Banks was 1396562.80000 Mil. of U.S. Dollars in May of 2025, according to the United States Federal Reserve. Historically, United States - Other Assets, Large Domestically Chartered Commercial Banks reached a record high of 1399225.80000 in April of 2025 and a record low of 111254.60000 in December of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Other Assets, Large Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on July of 2025.

United States Large Dom Banks: Wkly: Total Federal Funds Sold and Reverse RPs data was reported at 329.778 USD bn in 17 Jul 2019. This records an increase from the previous number of 291.876 USD bn for 10 Jul 2019. United States Large Dom Banks: Wkly: Total Federal Funds Sold and Reverse RPs data is updated weekly, averaging 160.606 USD bn from Jan 2010 (Median) to 17 Jul 2019, with 498 observations. The data reached an all-time high of 346.174 USD bn in 03 Jul 2019 and a record low of 101.448 USD bn in 12 Apr 2017. United States Large Dom Banks: Wkly: Total Federal Funds Sold and Reverse RPs data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB034: Balance Sheet: Commercial Banks: Large Domestic Chartered Banks.

As of January 2025, the largest all-time bankruptcy in the United States remained Lehman Brothers. The New York-based investment bank had assets worth 691 billion U.S. dollars when it filed for bankruptcy on September 15, 2008. This event was one of the major points in the timeline of the Great Recession, as it was the first time a bank of its size had failed and had a domino effect on the global banking sector, as well as wiping almost five percent of the S&P 500 in one day. Bank failures in the U.S. In March 2023, for the first time since 2021, two banks collapsed in the United States. Both bank failures made the list of largest bankruptcies in terms of total assets lost: The failure of Silicon Valley Bank amounted to roughly 209 billion U.S. dollars worth of assets lost, while Signature Bank had approximately 110.4 billion U.S. dollars when it collapsed. These failures mark the second- and the third-largest bank failures in the U.S. since 2001. Unprofitable banks in the U.S. The collapse of Silicon Valley Bank and Signature Bank painted an alarming picture of the U.S. banking industry. In reality, however, the state of the industry was much better in 2022 than in earlier periods of economic downturns. The share of unprofitable banks, for instance, was 3.4 percent in 2022, which was an increase compared to 2021, but remained well below the share of unprofitable banks in 2020, let alone during the global financial crisis in 2008. The share of unprofitable banks in the U.S. peaked in 2009, when almost 30 percent of all FDIC-insured commercial banks and savings institutions were unprofitable.