S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Banking, finance, and taxes

Wells Fargo Leads Banks in Number of Branches

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

bank
Thinkstock
Bank branch count is not directly related to a financial firm’s total deposits, but the correlation is close. Wells Fargo & Co. (NYSE: WFC) had 6,314 branches as of June 2014. It ranked third among all banks in deposits, though, with $1,073,543,725, according to the FDIC.

In second place, among banks based on total number of branches was JPMorgan Chase & Co. (NYSE: JPM) at 5,682, with the second largest deposit base at 1,079,452,805. Bank of America (NYSE: BAC) was third in branch count, but first in deposits — 5,096 against $1,172,985,000.

The top 10 banks in terms of total deposits are:

Bank Holding Company Name BHC ID State
Headquartered		 No.
of
Offices		 Total
Deposits
June 30, 2014
BANK OF AMERICA CORPORATION 1073757 North Carolina 5,096 1,172,985,000
JPMORGAN CHASE & CO. 1039502 New York 5,682 1,079,452,805
WELLS FARGO & COMPANY 1120754 California 6,314 1,073,543,725
CITIGROUP INC. 1951350 New York 962 466,817,064
U.S. BANCORP 1119794 Minnesota 3,238 263,661,347
CAPITAL ONE FINANCIAL CORPORATION 2277860 Virginia 886 226,933,908
PNC FINANCIAL SERVICES GROUP, INC., THE 1069778 Pennsylvania 2,821 221,109,179
TORONTO-DOMINION BANK, THE 1238565 Foreign * 1,329 199,544,503
BANK OF NEW YORK MELLON CORPORATION, THE 3587146 New York 46 156,592,067
BB&T CORPORATION 1074156 North Carolina 1,843 137,818,798

ALSO READ: America’s 50 Best Cities to Live

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

247alex |

Banks With the Most Branches

As of June, there were 94,725 bank branches in the United States, according to recently released data from the Federal…
Interest Rates Are Rising Fast: Buy These 5 Big Dividend-Paying Banks Now
Lee Jackson |

Interest Rates Are Rising Fast: Buy These 5 Big Dividend-Paying Banks Now

With the prospect for rising interest rates, Jefferies is positive on the banking industry and has five top dividend-paying stocks…
Douglas A. McIntyre |

As Wells Fargo Closes 400 Branches, Other Banks May Follow

Wells Fargo continues to struggle, both financially and with its reputation. As part of means to cut costs, the big…
5 Favorite Dividend-Paying Banks to Buy Now With Q2 Earnings Over
Lee Jackson |

5 Favorite Dividend-Paying Banks to Buy Now With Q2 Earnings Over

These five top Jefferies bank stock picks really are value plays when compared to the very overbought and pricey stock…
Are 5,000 JPMorgan Branches Too Many?
Douglas A. McIntyre |

Are 5,000 JPMorgan Branches Too Many?

With so many online and AI-assisted options available, does JPMorgan Chase need to operate thousands of bank branches?
Chase to Open Branches for the Rich
Douglas A. McIntyre |

Chase to Open Branches for the Rich

Chase Bank has started opening branches for affluent Americans. They include specially trained staff and offer free umbrellas.
This American Bank Is Closing The Most Branches
Douglas A. McIntyre |

This American Bank Is Closing The Most Branches

Bank tellers have started to become a thing of the past. Years ago, cash machines began the process of replacing…
6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares
Lee Jackson |

6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares

The first quarter earnings season, for the most part, was an excellent start for the financial sector. Many leading mega-cap…
JPMorgan Says Time to Rotate to Dividend-Paying Financials
Lee Jackson |

JPMorgan Says Time to Rotate to Dividend-Paying Financials

A new JPMorgan research report says the time is right to rotate out of consumer discretionary stocks and into the…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618