Topic: Largest banks in the United States (2024)

  • Financial Institutions
The United States is home to some of the most important financial institutions in the world. The four key players in the banking industry in the country are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These four banks are also among the top seven of the world’s largest banks by market capitalization, with JPMorgan Chase being the most valuable one, followed by Bank of America as the second. JPMorgan Chase is also the largest in the United States in terms of total assets, with a market share of almost 14 percent based on U.S. bank’s total assets.

Is JPMorgan Chase the most profitable bank in the United States?

JPMorgan Chase is the leading bank in the country based on several profitability KPIs, such as by revenue and net income, in addition to market capitalization and total assets. According to other profitability ratios however, such as return on equity (ROE), JPMorgan Chase ranks third, while U.S. Bank boasts the highest, followed by Bank of New York Mellon. Finally, in terms of return on assets (ROA), JPMorgan Chase ranks fourth, while PNC Financial Services has the highest ROA, followed by Morgan Stanley, and U.S. Bank.

Customers of U.S. banks

Capital One Financial Corporation received the highest customer satisfaction of the leading banks in the United States in 2021, based on channel activities, communication and advice, convenience, new account opening, product resolution, and products and fees. PNC, and the U.S. branch of the Canadian TD Bank followed, while JPMorgan Chase ranked fourth. The three other largest banks – Citibank, Bank of America, and Wells Fargo – all ranked below the industry average in terms of customer satisfaction. However, in terms of convenience, both the number of branches and the access to mobile banking are important factors to consider and for both these measures, JPMorgan Chase led in the number of active mobile banking customers, and ranked second in number of branches.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

Published by Statista Research Department, Dec 18, 2023

Key insights

Largest bank worldwide by market cap JPMorgan Chase

Topic: Largest banks in the United States (1)

Detailed statistics

Largest banks worldwide 2023, by market capitalization

Most valuable banking brand in North America Bank of America

Topic: Largest banks in the United States (2)

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Leading banks in North America 2023, by brand value

U.S. bank with the highest number of employees JPMorgan Chase

Topic: Largest banks in the United States (3)

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Leading banks in the U.S. 2022, by number of employees

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BanksLargest banks in the U.S. 2023, by assets
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Overview

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Overview

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  • Premium Statistic Leading banks in the U.S. 2022, by number of employees

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    Leading banks in the United States as of December 31, 2022, by number of employees

Profitability

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Profitability

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    Largest banks in the U.S. 2023, by assets

    Largest banks in the United States in 2023, by total assets (in billion U.S. dollars)

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    Market share of leading banks in the U.S. 2023, by total assets

    Market share of leading banks in the United States as of December 2023, by total assets

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    Leading U.S. banks 2023, by market cap

    Largest banks in the United States as of December 2023, by market capitalization (in billion U.S. dollars)

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    Market share of leading banks in the U.S. 2022, by domestic deposits

    Market share of leading banks in the United States in 2022, by value of domestic deposits

  • Basic Statistic Leading commercial banks in the U.S. 2022, by revenue

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    Leading commercial banks in the U.S. 2022, by revenue

    Largest commercial banks in the United States in 2022, by revenue (in billion U.S. dollars)

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    Leading U.S. banks 2022, by net income

    Largest banks in the United States in 2022, by net income (in billion U.S. dollars)

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    Largest banks in the United States 2022, by return on equity

    Return on equity (ROE) of the largest banks in the United States in 2022

  • Premium Statistic Largest banks in the United States, by return on assets 2021

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    Largest banks in the United States, by return on assets 2021

    Return on assets (ROA) of the largest banks in the United States in 2021

Financial stability

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  • Basic Statistic CET1 ratio of the largest U.S. banks Q2 2023
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  • Premium Statistic Leverage ratio of the largest banks in the U.S. 2022

Financial stability

  • Basic Statistic CET1 ratio of the largest U.S. banks Q2 2023

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    CET1 ratio of the largest U.S. banks Q2 2023

    Common equity tier 1 capital (CET1) ratio of largest banks in the United States in Q2 2023

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    Total capital ratio of largest U.S. banks Q1 2023

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    Risk-weighted assets of largest U.S. banks 2023

    Risk-weighted assets (RWAs) of the largest banks in the United States as of 1st quarter 2023 (in billion U.S. dollars)

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    Leverage ratio of the largest banks in the U.S. 2022

    Leverage ratio of the largest banks in the United States in 2022

Customers and branches

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  • Premium Statistic Mobile banking customers of four largest banks in the U.S. 2022
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Customers and branches

  • Premium Statistic Mobile banking customers of four largest banks in the U.S. 2022

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    Mobile banking customers of four largest banks in the U.S. 2022

    Number of active mobile banking customers of the four largest banks in the United States as of 2022 (in millions)

  • Premium Statistic Customer satisfaction with leading U.S. retail banks 2023

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    Customer satisfaction with leading U.S. retail banks 2023

    Customer satisfaction with the largest retail banks in the United States in 2023

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    Banks with the most branches in the U.S. 2023

    Leading banks in the United States in 2023, by number of branches

Further reportsGet the best reports to understand your industry

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Investment banking
Mobile banking in the United States
Banking industry in the United States
The 2024 global bank customer satisfaction survey
Digital banks
Green banking

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