Largest U.S. banks by assets 2023 | Statista (2024)

FAQs

Largest U.S. banks by assets 2023 | Statista? ›

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.

Combined assets of Big 4 increase

Aggregate assets at the four largest US banks increased $70.69 billion, or 0.6%, in the fourth quarter of 2023. However, JPMorgan Chase & Co., the largest US bank by total assets, reported a sequential decrease of $22.94 billion, or 0.6%, while Bank of America, Citigroup Inc.

JPMorgan Chase

JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.

Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.

#1 Chase Bank

Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.

Heartland Tri-State Bank failed on July 28, 2023. First Republic Bank failed on April 28, 2023. Signature Bank failed on March 12, 2023. Silicon Valley Bank failed on March 10, 2023.

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.

US Banks Total Assets is at a current level of 23.67T, up from 23.41T last quarter and up from 23.60T one year ago. This is a change of 1.11% from last quarter and 0.30% from one year ago.

How much money is in US banks total? ›

US Banks Total Deposits is at a current level of 18.81T, up from 18.55T last quarter and down from 19.21T one year ago. This is a change of 1.40% from last quarter and -2.09% from one year ago.

JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders' equity as of March 31, 2023.

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.

With total assets of $110 billion and 9.3 million customers/members, USAA shined primarily through its excellent customer service. It has no brick-and-mortar branches; it focuses on online banking and lets customers use 100,000 different ATMs that belong to other banks at no charge.

According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.

Investors have worried about a possible contagion in the sector since three prominent lenders – Silicon Valley Bank, First Republic and Signature Bank – collapsed in early 2023. Prior to the takeover of Republic First, the last U.S. bank to fail was Iowa-based Citizens Bank in November 2023.