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.

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.

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.

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.

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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

In 2023, the Federal Reserve System stood as the world's largest central bank, with total assets surpassing *** trillion U.S. dollars. Comprising 12 Federal Reserve Banks, the system's largest component, the Federal Reserve Bank of New York, held a significantly higher asset value than its counterparts. The People's Bank of China secured the second position globally, managing assets valued at approximately *** trillion U.S. dollars. Following closely, the Bank of Japan ranked third with assets totaling **** trillion U.S. dollars on its balance sheet.

Most of the largest banks in the Asia-Pacific region in terms of assets in 2023 had their headquarters in China. The Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China Ltd. were at the top of the ranking with over five trillion U.S. dollars in assets. Japan's Mitsubishi UFJ Financial Group was also one of the five banks in the region with the highest assets volume.

In 2024, the value of commercial and industrial loans at commercial banks in the United States reached nearly 2.8 trillion U.S. dollars. In 2020, commercial loans at U.S. banks rose by approximately 362 billion to over 2.7 trillion U.S. dollars - which was one of the largest increases in the past years. At the beginning of the time period under observation, the total value of commercial and industrial loans at commercial banks in the U.S. amounted to 691 billion U.S. dollars, so there has been an overall increase of more than two trillion U.S. dollars since then.

About this dataset

Context

The dataset tabulates the Banks population distribution across 18 age groups. It lists the population in each age group along with the percentage population relative of the total population for Banks. The dataset can be utilized to understand the population distribution of Banks by age. For example, using this dataset, we can identify the largest age group in Banks.

Key observations

The largest age group in Banks, AR was for the group of age 5 to 9 years years with a population of 19 (14.96%), according to the ACS 2019-2023 5-Year Estimates. At the same time, the smallest age group in Banks, AR was the 55 to 59 years years with a population of 0 (0%). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Content

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

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group in consideration
• Population: The population for the specific age group in the Banks is shown in this column.
• % of Total Population: This column displays the population of each age group as a proportion of Banks total population. Please note that the sum of all percentages may not equal one due to rounding of values.

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 Population by Age. You can refer the same here

United States - Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets was 1691841.00000 Mil. of $ in January 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 July of 2025.

United States - Large Time Deposits, Domestically Chartered Commercial Banks was 13.80000 % Chg. at Annual Rate in May 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 July of 2025.

United States - Large Time Deposits, Small Domestically Chartered Commercial Banks was -10.90000 % Chg. at Annual Rate in January 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 70.70000 in January of 2023 and a record low of -20.30000 in July 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 July of 2025.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Banks, OR, 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 32,963, while the mean income for the highest quintile (20% of households with the highest income) is 219,163. This indicates that the top earners earn 7 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 325,577, which is 148.55% higher compared to the highest quintile, and 987.70% 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

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.

United States - Other Securities, Large Domestically Chartered Commercial Banks was 534.64390 Bil. of U.S. $ in June 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 July of 2025.

Commercial Banks generate most of their revenue through loans to customers and businesses. Loans are set at interest rates that are influenced by different factors, including the federal funds rate (FFR), the prime rate, debtors' creditworthiness and overall macroeconomic performance. The Commercial Banking industry’s performance was mixed during the current period, which included both the postpandemic recovery and a strong economy amid high interest rates. At the onset of the period, volatile economic conditions created domestic and global dollar funding pressures, creating havoc in the Treasuries market and causing the Fed to act as a dealer of last resort by flooding the international and domestic dollar funding markets with liquidity. The Fed set interest rates to near zero in March 2020 to stimulate the economy; despite this, weak economic performance in 2020 limited demand for bank lending and investment, causing industry revenue to decline. In 2022, the Fed began increasing interest rates to curb historically high inflation. Commercial Banks benefited from the higher rates, which resulted in greater interest income for the industry and contributed to double-digit revenue growth in 2022 and 2023. However, as inflation receded, the Fed cut interest rates in 2024 and is anticipated to cut rates further in 2025 to provide a boost to the economy. Overall, industry revenue has been growing at a CAGR of 7.2% to $1,418.0 billion over the past five years, including an expected decrease of 3.7% in 2025 alone. During the outlook period, industry revenue is forecast to shrink at a CAGR of 1.3% to $1,328.5 billion through the end of 2030. Further interest rate cuts would lower interest income for the industry, hampering profit. In a lower interest rate environment, commercial banks would likely encounter rising loan demand but experience reduced investment income from fixed-income securities. In addition, the acquisition of financial technology start-ups to compete will increase as the industry continues to evolve.

United States - Residual (Assets Less Liabilities), Large Domestically Chartered Commercial Banks was 1601.94040 Bil. of U.S. $ in April of 2025, according to the United States Federal Reserve. Historically, United States - Residual (Assets Less Liabilities), Large Domestically Chartered Commercial Banks reached a record high of 1623.38540 in May of 2023 and a record low of 166.48180 in June of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Residual (Assets Less Liabilities), Large Domestically Chartered Commercial Banks - last updated from the United States Federal Reserve on July of 2025.

United States - Real Estate Loans, Large Domestically Chartered Commercial Banks was 2473.76450 Bil. of U.S. $ in May 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 July of 2025.

The South American challenger bank market, valued at $389.26 million in 2025, is experiencing robust growth, projected to expand significantly over the forecast period (2025-2033) at a Compound Annual Growth Rate (CAGR) of 12.57%. This surge is driven by several key factors. Increasing smartphone penetration and internet access across the region are fostering a digitally savvy population increasingly comfortable with online banking services. Furthermore, the region's underserved populations, lacking access to traditional banking services, present a vast untapped market for challenger banks offering convenient and accessible financial products. The increasing demand for personalized financial solutions and a preference for user-friendly mobile-first banking experiences are additional significant drivers. Competition among established players and the emergence of innovative fintech companies further fuels market dynamism. Growth is segmented across service types (payments, savings, current accounts, credit, loans) and end-users (business and personal segments). Brazil, as the largest economy in South America, is anticipated to hold a dominant market share, followed by other major economies like Argentina, Colombia, and Chile. However, growth potential exists across all countries within the region. Despite the considerable growth potential, the market faces certain challenges. Regulatory hurdles and the need for robust cybersecurity infrastructure remain key restraints. Furthermore, building trust and brand awareness within a market accustomed to traditional banking institutions requires significant investment in marketing and customer acquisition strategies. Nevertheless, the overall positive trajectory of the South American challenger banking sector indicates a promising future for innovative financial institutions catering to the evolving needs of the region's population. The ongoing evolution of financial technology and increasing financial inclusion initiatives will further fuel market growth, attracting significant investment and fostering competition in the years to come. South America Challenger Banks Market: A Comprehensive Report (2019-2033) This comprehensive report provides a detailed analysis of the dynamic South America challenger banks market, encompassing the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, making it an essential resource for investors, industry professionals, and strategic decision-makers. The report utilizes 2025 as the base year and provides forecasts until 2033, incorporating data from the historical period (2019-2024). This report covers key players such as NU Bank, Uala, Albo, Nequi, DaviPlata, Banco Inter, Neon, C6 bank, and Burbank (list not exhaustive). Recent developments include: In November 2023, N26, a German challenger bank, announced its exit from Brazil, marking the end of its two-year stint in the South American market. This move aligns with N26's strategic shift in geographical focus. The bank made its foray into Brazil in 2021, having obtained a Sociedade de Crédito Direto (SCD) license from the Banco Central do Brasil., In October 2023, Nubank had introduced over 40 new products and features, including innovative credit options like FGTS anniversary withdrawal anticipation and NuConsignado for INSS retirees and pensioners. With operations in Brazil, Colombia, and Mexico, Nubank has exceeded 90 million customers in Latin America, solidifying its position as one of the world's fastest-growing financial services firms.. Notable trends are: Rising Fintech Investments in South America Fueling the Growth.