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Big Banks

America’s 10 Biggest Banks Right Now

February 2, 2017

With the 4th-quarter earnings season nearing a close, it's time to update the list of the 10 biggest banks in America. 


 

JPMorgan Chaseis way out in front with $2.5 trillion worth of assets. If one was to factor in the assets JPMorgan administers for institutional investors, the figure would climb to $23 trillion.

 

Bank of America retained its position at #2, with Wells Fargoat #3 amd Citigroup #4. 

 

What's really interesting is the immense dropoff to U.S. Bancorp, which is #5. Outside the big 4 banks, U.S. Bancorp remains the nation's largest regional bank. Based in Minneapolis, USB is arguably better positioned than any of its competitors to outperform the industry in the years ahead.

  • U.S. Bancorp is big enough to benefit from economies of scale, which is one of the reasons it's such an efficient bank.
  • Yet it's small enough to avoid the more onerous regulatory environment confronting its multitrillion-dollar peers.