What Are Some of the Safest Banks in the US?


Quick Answer

The safest banks in the United States include Wells Fargo Bank, JP Morgan Chase & Co, U.S. Bancorp and PNC Financial Services, notes FoxBusiness. Wells Fargo is the second-largest bank in the world, and has over 270,000 employees worldwide.

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Full Answer

Wells Fargo is so safe that genius financial investor Warren Buffet's company Berkshire Hathaway owns up to $13 billion worth of Wells Fargo's common stock. JP Morgan is so safe that its CEO Jamie Dimon remarks that the only risk that can cause the bank's failure is a collision of the earth and moon. U.S. Bancorp is the fifth-largest commercial bank in the United States and is widely regarded as very safe on Wall Street. PNC Financial Services boasts a high return on equity and was even strong following the crisis of 2008.

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