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
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.