{"id":807,"date":"2023-11-29T16:55:53","date_gmt":"2023-11-29T16:55:53","guid":{"rendered":"https:\/\/thebankingguides.com\/?p=807"},"modified":"2023-11-29T16:58:27","modified_gmt":"2023-11-29T16:58:27","slug":"largest-banks-in-the-us","status":"publish","type":"post","link":"https:\/\/thebankingguides.com\/largest-banks-in-the-us\/","title":{"rendered":"Top 15 Largest Banks in the US by Assets in 2023"},"content":{"rendered":"
<\/div>\n\n

15 Largest Banks in the US<\/strong> have total assets of $15 trillion as per the report of Dec 31, 2022. There are some changes in the list of biggest banks in America. Some larger banks are getting replaced by each other and smaller banks are getting off the list by the best-growing financial companies. <\/p>\n\n\n\n

The Federal Reserve has declared a list of the biggest American banks<\/strong> based on the assets by the year 2023. So, here we are going to share how some banks are able to get a top position. <\/p>\n\n\n\n

However, the top four banks JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo are spending most of their profit on mobile banking apps to meet the requirements of the customers.\u00a0<\/p>\n\n\n\n

Biggest banks<\/strong> are now focusing on Internet technology to give a better experience of banking services to the customers. Nowadays, digital payments are increasing in demand but it is very important in today’s internet and mobile world. <\/p>\n\n\n\n

Below we have listed the 15 largest banks in the US<\/a><\/strong> on the basis of assets as per the report of the Federal Reserve. <\/p>\n\n\n\n

15 Biggest American Bank<\/strong><\/h2>\n\n\n\n
Position <\/strong><\/td>American Bank Name <\/strong><\/td>Assets <\/strong><\/td><\/tr>
1<\/td>JPMorgan Chase <\/td>$3.67 trillion <\/td><\/tr>
2<\/td>Bank of America <\/td>$3.05 trillion <\/td><\/tr>
3<\/td>Citibank <\/td>$1.80 trillion <\/td><\/tr>
4<\/td>Wells Fargo Bank <\/td>$1.875 trillion <\/td><\/tr>
5<\/td>U.S. Bancorp <\/td>$674.805 billion <\/td><\/tr>
6 <\/td>PNC Bank <\/td>$557 billion <\/td><\/tr>
7 <\/td>Truist Bank <\/td>$555.255 billion <\/td><\/tr>
8<\/td>Capital One Financial<\/td>$444.23 billion <\/td><\/tr>
9<\/td>Goldman Sachs <\/td>$1.44 trillion <\/td><\/tr>
10<\/td>TD Bank Ltd.<\/td>$1.92 trillion<\/td><\/tr>
11<\/td>Charles Schwab Financial Corporation <\/td>$551.8 billion<\/td><\/tr>
12 <\/td>Bank of New York <\/td>$405.8 billion <\/td><\/tr>
13 <\/td>State Street Bank <\/td>$301.45 billion <\/td><\/tr>
14 <\/td>Citizen Bank Ltd.<\/td>$225. 56 billion <\/td><\/tr>
15 <\/td>First Republic Bank <\/td>$210.05 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Now let’s know how these banks managed their position in the list of biggest banks<\/strong> in the US.<\/p>\n\n\n\n

Largest Banks in the U.S.<\/strong><\/h2>\n\n\n\n

1. JPMorgan Chase Bank<\/a><\/h3>\n\n\n\n

Chase Bank is one of the largest banks<\/strong> in the United States and is part of JPMorgan Chase and Co. It provides digital banking services by introducing artificial intelligence which stands out from the other banks in the US. <\/p>\n\n\n\n

This American Bank<\/strong> is continuously working and investing in banking technology with a budget of $11.5 billion. The bank uses these funds to implement AI to optimize banking services to the next level by using voice assistant features. With this implementation, customers can also check stock exchange data and analysis reports. <\/p>\n\n\n\n

Chase Bank merged with Wells Fargo, making it the biggest bank in the US with the largest network. Currently, it has 4700 bank branches in the United States and 33 across the world and almost 16,000 ATMs situated. If you are looking for a big bank in the US, then Chase is the no.1 option for you. They provide lots of benefits to new customers such as sign-up bonuses and promotional offers.<\/p>