10 Largest US Banks 2013

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The following is a list of the top 10 largest US banks ranked by market capitalization as of January 2012. Wells Fargo is the largest bank in the United States with market cap of over $160 billion. JPMorgan Chase is the largest bank in the United States by assets and market capitalization. It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world’s largest public company based on a composite ranking.

 

 

10. Capital One

Market Capitalization: $21.16 billion

Capital One is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products. A member of the Fortune 500, the company helped pioneer the mass marketing of credit cards in the early 1990s, and it is now the fourth-largest customer of the United States Postal Service and has the fifth-largest deposit portfolio in the United States.

 

 

9. Bank of New York Mellon

Market Capitalization: $25.80 billion

BNY Mellon is an American multinational banking and financial services corporation formed on July 1, 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. The company employs more than 48,000 staff worldwide and has over US$1.3 trillion in assets under management and US$26.6 trillion in assets under custody and administration thereby being the largest deposit bank in the world. It operates in six primary financial services sectors including advisory services, asset management, asset servicing, broker-dealer, issuance services, treasury services and wealth management.

 

 

8. Morgan Stanley

Market Capitalization: $35.49 billion

Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley operates in 42 countries, and has more than 1300 offices and 60,000 employees. The company reports US$304 billion in assets under management or supervision. It is headquartered in the Morgan Stanley Building, in Midtown Manhattan, New York City.

 

 

7. PNC Financial

Market Capitalization: $31.37 billion

PNC Financial is a U.S.-based financial services corporation, with assets of approximately $271.205 billion. PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia, specialized financial businesses serving companies and government entities, and leading Turnkey Asset Management Program and processing businesses.

 

 

6. Goldman Sachs

Market Capitalization: $53.53 billion

Goldman Sachs is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in international financial centers. The firm provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients, which include corporations, governments and individuals.

 

5. U.S. Bancorp

Market Capitalization: $54.85 billion

U.S. Bancorp is a diversified financial services holding company, headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank, the fifth largest commercial bank in the United States based on $341 billion in assets and fourth largest in total branches. U.S. Bank ranks as the sixth largest bank in the U.S. based on deposits, with $222.6B in deposits as of March 31, 2012. With 3,080 banking offices and 5,061 ATMs, U.S. Bank’s branch network serves 25 states. U.S. Bancorp offers regional consumer and business banking and wealth management services, national wholesale and trust services and global payments services to more than 15.8 million customers. The company employs over 63,000 people.

 

 

4. Bank of America

Market Capitalization: $71.77 billion

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second-largest bank holding company in the United States by assets. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. It has a retail banking footprint that covers approximately 80 percent of the U.S. population and serves approximately 57 million consumer and small business relationships at 5,900 banking centers and 18,000 ATMs.

 

 

3. Citigroup

Market Capitalization: $86.67 billion

Citigroup has the world’s largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company currently employs approximately 260,000 staff around the world, which is down from 267,150 in 2010 according to Forbes. It also holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. According to Forbes, at its height Citigroup used to be the largest company and bank in the world by total assets with 357,000 employees until the global financial crisis of 2008. Today it is ranked 10th in size by composite index. In comparison, JPMorgan Chase now ranks as the largest company and bank in the world as of 2011.

 

 

2. JPMorgan Chase

Market Capitalization: $140.95 billion

JPMorgan Chase is the largest bank in the United States by assets and market capitalization. It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world’s largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.

 

 

1. Wells Fargo

Market Capitalization: $160.72 billion

Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest company in the United States. Wells Fargo is headquartered in San Francisco, California, but has major “hubquarters” in other cities throughout the country. In 2011, Wells Fargo had more than 9,000 retail branches and 12,231 automated teller machines in 39 states and the District of Columbia. It has over 270,000 employees and over 70 million customers.

 

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gMg Management
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gMg Management
4 years 7 days ago

Wow! I wasn’t aware that Wells Fargo was one of the top 10 largest banks. I have had my bank account at Wells Fargo for a half a year now, and they provide great services.

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