TOP 10 LARGEST BANKS IN THE US – ALL YOU NEED TO KNOW

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Bank of China One of the Most Valuable Companies in China
Bank of China One of the Most Valuable Companies in China

You might have been wondering, What are the 10 Largest Banks in the US? Search no further because we have brought the answer to you. The United States houses numerous banks some of which are among the Best Banks in the world; however, our focus is on the Largest Banks in the US 2019 and to provide you with all the detail about them. It happens to be that many people consider the larger banks to be safer places to keep their money because they tend to have a lot of clients and branches and cannot pack up at any time, this means the bigger, the better. Therefore this article was written in a bid to provide an answer to your question on What are the 10 Largest Banks in the US.

TOP 10 LARGEST BANKS IN THE US – ALL YOU NEED TO KNOW

The Largest Banks in the US is compiled from the List of Banks in the US, which was a bit tedious but however, we were able to come up with a list of the 10 Largest. Without much ado, below is a highlight of these banks that have been carefully selected out of the entire List of Banks in the US.

  1. JPMorgan Chase & Co.
  2. Bank of America Corp.
  3. Citigroup Inc.
  4. Wells Fargo & Co.
  5. Goldman Sachs Group Inc.
  6. Morgan Stanley
  7. S. Bancorp
  8. PNC Financial Services Group, Inc.
  9. TD Group US Holdings LLC
  10. Capital One Financial Corp.

What are the 10 Largest Banks in the US

  • #1. JPMorgan Chase & Co.
  • Assets: $2.74 trillion
  • Deposits: $1.49 trillion
  • Employees: 238,454
  • Headquarters: New York
J.P Morgan Chase on the list of Biggest Companies In The World
J.P Morgan Chase on the list of Biggest Companies In The World

J.P Morgan Chase & Co. occupies the first spot on the list of the Largest Banks in the US. The bank became the largest in the country due to the merger of J.P. Morgan with Chase Manhattan Bank in 2000. The bank is recognized globally as the sixth largest bank base on assets. Presently, the bank has about 5,000 branches, and 16,000 ATMs across the country, and the bank is striving to expand its subsidiaries in key markets areas so as to beat their competitors. From a statement made by the bank, almost half of the United States residents are customers of J.P Morgan Chase & Co.

  • #2. Bank of America Corp.
  • Assets: $2.38 trillion
  • Deposits: $1.38 trillion
  • Employees: 208,573
  • Headquarters: Charlotte, North Carolina
Bank of America One Of The Largest Companies in the World
Bank of America One Of The Largest Companies in the World

Bank of America is one of the American financial conglomerates that serves as an investment bank and a financial services company. It’s over 50 million retail customers reputably attest the bank services. Bank of America is considered to be the largest wealth management conglomerate in the world because it owns Merrill Lynch and also among the Big Four Banks in the US. Its headquarter located in the city of Charlotte is renown and its accolade as one of the biggest financial hubs in the country, thanks to the presence of Bank of America in the city. The bank also has its subsidiary in New York City, London, Hong Kong, Minneapolis, and Toronto.

  • #3. Citigroup Inc.
  • Assets: $1.96 trillion
  • Deposits: $1.03 trillion
  • Employees: 229,361
  • Headquarters: New York
Citigroup Inc. one of the Top 10 Largest Banks In The US
Citigroup Inc. one of the Top 10 Largest Banks In The US

This bank came to existence due to the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. Since then, the bank has forged on to be branded as one of the Largest Banks in the US and also among the Big Four Banks in the US. Citigroup Inc. services include deposits and loans transaction, especially through Citibank, brokerage, wealth management, investment banking, and other financial services rendered to its over 200 million customer and clients around the globe. It was the first United States bank to open a foreign branch in Argentina in 1914, presently, 26 percent of its branches in the United States which generate 51% of the bank’s revenue.

  • #4. Wells Fargo & Co.
  • Assets: $1.89 trillion
  • Deposits: $1.26 trillion
  • Employees: 272, 800
  • Headquarters: San Francisco, California, United States
Wells Fargo On the list of Largest Companies in the World
Wells Fargo On the list of Largest Companies in the World

Wells Fargo & Co. occupies the fourth spot of the Largest Banks in the US. The bank’s existence is dated back to 1852 when the journey began and has grown to become one of the Big Four Banks in the US. Wells Fargo has central offices located across the country, making it have the highest number of branches in the country. The bank has moved ahead introducing technology into its banking system developing and introducing a savings app and a mobile banking app aside from the main bank’s application to serve its large customers to have access to banking services round the clock.

  • #5. Goldman Sachs Group Inc.
  • Assets: $925.35 billion
  • Deposits: $164.14 billion
  • Employee: not available
  • Headquarters: New York
Goldman Sachs Group Inc. is on the List of Banks in the US
Goldman Sachs Group Inc. is on the List of Banks in the US

Goldman Sachs Group Inc. is a foremost global investment company as well as one of the Largest Bank in the US that offer different services in investment management, securities, asset management, prime brokerage, and securities underwriting. Marcus is the banking subsidiary of this company which experienced a breakthrough towards the end of 2016 and has since then begin to offer personal loans and at the same time rewards customers or clients who save with high-yield account options. This was possible due to the acquisition of GE Capital Bank’s online deposits in 2016, followed by the launching of GS Bank, an online-only institution by Goldman Sachs. Afterward, GS Bank was renamed as Marcus by Goldman Sachs. Primarily, Marcus accounts by Goldman Sachs is designed to help consumers who want to make higher profits than what their current bank or credit union provides them.

  • #6. Morgan Stanley
  • Assets: $875.96 billion
  • Deposits: $179.73 billion
  • Employee: not available
  • Headquarters: New York
Morgan Stanley one of the Big Four Banks in the US
Morgan Stanley one of the Big Four Banks in the US

Morgan Stanley is a financial service and multinational investment bank among the top Largest Banks in the United States. The firm operates in over 41 countries around the world and has an employee strength of over 55, 000. It offers different varieties of services including investment and wealth management services, securities and wealth management services to individuals, corporations, financial institutions, and governments and involved in community services by giving back to the communities it serves through the design of special programs and volunteer initiatives.

  • #7. U.S. Bancorp
  • Assets: $475.78 billion
  • Deposits: $348.09 billion
  • Employee: over 73,000
  • Headquarters: Minneapolis
U.S. Bancorp on the List of Banks in the United States Of America.
U.S. Bancorp on the List of Banks in the United States Of America.

U.S Bancorp is a multi-state financial service that exists as a result of the incorporation of major regional banks from the West and Midwest, including the U.S Bank. The bank renders service to over from 16 million customers. The bank has an extensive branch network across the country and investment in improving its digital services. The bank is considered to be the fifth largest bank in the U.S by assets owned commercial banks, and its services cover a full range of services, including checking, savings, certificates of deposit and mortgages. The bank is known to offer convenient services in their large branches and ATM network across the country.

PNC Financial Services Group, Inc. one of the Largest Banks In The United States Of America.
PNC Financial Services Group, Inc. one of the Largest Banks In The United States Of America.

PNC financial services group Inc. based in Pittsburgh in Pennsylvania is a regional financial institution that operates mainly in the Northeast, South, and Midwest. The financial company was originally founded as Pittsburgh Trust and Savings Co. and in 2008 after it has acquired the Cleveland-based National City Corp which was facing so many challenges. The bank has transformed into a top bank among the List of Banks in the US.

  • #9. TD Group US Holdings LLC
  • Assets: $384.07 billion
  • Deposits: $267.27 billion
  • Employee: 25,970
  • Headquarters: Cherry Hill, New Jersey
TD Group US Holdings LLCon the answer list of What are the 10 Largest Banks in the United States Of America.
TD Group US Holdings LLC on the answer list of What are the 10 Largest Banks in the United States Of America.

Looking for a bank that works almost round the clock, then you might consider this bank. The bank parade itself as the most convenient bank in America because of all of its because its branches of about 1,300 branches (along the east coast) open early and close late, and most are open seven days a week including holidays. Customers who use this bank have easy access to mortgages, deposit accounts, credit cards, and products offered to customers who have for commercial and small business.

Capital One Financial Corp. one of the Best Banks in the world.
Capital One Financial Corp. one of the Best Banks in the world.

Last on our list is the Capital One Financial Corp., a subsidiary of Capital one Fortune 500 Company, an online bank that majors specialize in credit cards, auto loans, banking and savings accounts services. More so, the bank is among the best online bank services in the country, and in some districts, it gives customers access to use their bank branches. The bank has branches in the East Coast and in Texas and Louisiana, and in addition to that, bank customers in some selected cities outside where the branches are located are privileged to have access to Capital One Cafes, coffee shops with free Wi-Fi services where visitors can open accounts and attend financial workshops.

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Conclusion on Top 10 Largest Banks In The US – All you need to know

There you have the Top 10 Largest Banks in the US. These banks are best in what they do, rendering the best of services to their customers. However, there is a tendency to expect a change in the list whereby some may drop and new banks climb up, but for the first times, these are the banks considered to be the largest in the United States.

Tag: Top 10 Largest Banks In The US, What are the 10 Largest Banks in the US, Best Banks in the world, List of Banks in the US, Big Four Banks in the US, List of Banks in the US

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