largest banks in the US The asset shows the value of a bank and includes assets and assets owned by the bank that can be converted into cash. This article, InfoCreditFree introduces to people about five largest banks in the US in order to considering before choosing the best bank.
In the previous post, we introduce people to personal loans for debt consolidation, to get information about it, you can read Five steps to get personal loans for debt consolidation. Now, let find knowledge about Five largest banks in the US to consider before choosing in the post today.
LARGEST BANKS IN THE US
Just like a lot of article posts such as bad credit personal loans guaranteed approval 5000, credit rating companies, credit reporting services…, this post about largest banks in the US includes some main parts.
1. JP Morgan Chase & Co. is one of the largest banks in the US
JP Morgan Chase & Co. was formed as a result of the merger of several banking companies in 1996. It is a multi-national financial and banking services provider based in New York City. Currently, it is the largest bank in the United States.
With a base of 2.53 trillion in assets, JP Morgan Chase & Co is also in the top 10 of all global investment banks. The bank has more than 228,000 employees and operates in more than 100 countries. It provides financial services to millions of customers, small businesses and many of the world’s leading corporations, organizations, and governments.
2. Bank of America (BoA) is one of the largest banks in the US
The Bank of America was founded on October 17, 1904, by Amadeo Giannini. Originally it was called the Bank of Italy. The bank is a US multinational banking and financial services company headquartered in Charlotte, North Carolina. It is ranked second on asset base after JP Morgan Chase & Co. It has 5,100 bank stores, 16,300 ATMs and more than 150,939 employees.
3. Wells Fargo is one of the largest banks in the US
Wells Fargo is the third largest bank in the United States in terms of total assets. The banking institution was founded on 18 March 1852 by Henry Wells and William Fargo. Headquartered in San Francisco California. Wells Fargo is the world’s largest bank in terms of market capitalization and the third largest in the United States with assets of $ 1.951 trillion.
4. Citigroup is one of the largest banks in the US
Citigroup is a division of Citigroup, a multinational financial services company headquartered in Manhattan, New York. In North America, Citibank has 983 branches. It provides standard banking transactions, market insurances, credit cards and online banking that require 15 million users.
5. Goldman Sachs Group is one of the largest banks in the US
The Goldman Sachs Group was founded in 1869 by Marcus Goldman and Samuel Sachs. It is based in New York. The company’s first investment was a pioneer in the use of commercial papers for investors and business people., By 2016, the bank has nearly 35,000 employees; Its total assets amounted to $ 916 billion. The company operates in Asia, Europe, and America.
The Largest Banks In The US
| Rank | Bank name | Total assets |
|---|---|---|
| 1 | JPMorgan Chase & Co. | $2.53 trillion |
| 2 | Bank of America Corp. | $2.28 trillion |
| 3 | Wells Fargo & Co. | $1.95 trillion |
| 4 | Citigroup Inc. | $1.84 trillion |
| 5 | Goldman Sachs Group Inc. | $917 billion |
| 6 | Morgan Stanley | $851.86 billion |
| 7 | U.S. Bancorp | $462.04 billion |
| 8 | TD Group US Holdings LLC | $380.91 billion |
| 9 | PNC Financial Services Group Inc. | $380.77 billion |
| 10 | Bank of New York Mellon Corp. | $371.76 billion |
| 11 | Capital One Financial Corp. | $365.69 billion |
| 12 | State Street Corp. | $238.42 billion |
| 13 | BB&T Corp. | $221.64 billion |
| 14 | SunTrust Banks Inc. | $205.96 billion |
| 15 | HSBC USA Inc. | $201.30 billion |
Indeed, there are a lot of large banks in the US for people choosing. However, you should consider carefully. If you want to choose a bank to get a loan, you need to have a good credit score if you want to get a loan with the best interest rate. In order to know your credit history is good or not, you should check credit frequently from the credit check agencies.
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