Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012.
The eleven largest banks are JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), U.S. Bancorp (NYSE: USB), Bank of New York Mellon Corp. (NYSE: BK), HSBC North America Holdings Inc. (a division of HSBC Holdings plc (NYSE: HBC)), PNC Financial Services Group Inc. (NYSE: PNC) Captial One Financial Corp. (NYSE: COF), TD Bank US Holding Co. (a division of Toronto Dominion Bank (NYSE: TD)), and State Street Bank (NYSE: STT).
Here’s a handy table of the top eleven, ranked by assets, and including total deposits held:
|
Bank |
Total Assets ($B) |
Total Deposits ($B) |
| JPMorgan | $2,290.15 | $1,115.89 |
| Bank of America | $2,160.85 | $1,035.23 |
| Citigroup | $1,916.45 | $914.31 |
| Wells Fargo | $1,336.20 | $928.93 |
| U.S. Bancorp | $353.14 | $241.32 |
| Bank of NY Mellon | $330.28 | $221.14 |
| HSBC North America | $317.48 | $119.51 |
| PNC | $299.58 | $206.92 |
| Capital One | $296.57 | $213.93 |
| TD | $207.33 | $169.43 |
| State Street | $200.78 | $143.77 |
The top eleven banks all have assets topping $200 billion dollars. The next eleven own assets topping $100 billion.
The gap between the four largest banks and the rest is large and growing. Whether or not this is a good thing likely depends on the signature at the bottom of one’s paycheck.
The full list is available here.
Paul Ausick
Top Gaining Stocks
Top Losing Stocks