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Top 10 Biggest Banks in America

By John Maxfield – Aug 9, 2016 at 7:50PM

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Here's an updated ranking of the nation's biggest banks.

Image source: iStock/Thinkstock.

When it comes to size, few companies can compete with the 10 biggest banks in America. These institutions are massive, with the four largest banks each having approximately $2 trillion worth of assets on their balance sheets.

The list of the top 10 biggest banks in America is headlined by JPMorgan Chase (JPM 1.55%), the fabled New York City-based bank which sits securely atop the industry. It's followed by Bank of America (BAC 0.83%), Wells Fargo (WFC 0.74%), and Citigroup (C -1.47%), respectively.

Beyond these global systemically important banks are a collection of regional lenders. These are huge in their own right, the largest of which, U.S. Bancorp (USB 0.30%), has $439 billion worth of assets on its balance sheet. Despite this, as you can see in the following slideshow, these regional banks nevertheless pale in comparison to their too-big-to-fail peers when it comes to size.

Scroll through the brief slideshow to see which other banks make the list of the top 10 biggest banks in America.

John Maxfield owns shares of Bank of America, US Bancorp, and Wells Fargo. The Motley Fool owns shares of and recommends Wells Fargo. The Motley Fool recommends Bank of America. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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