What are the ten top banks in the U.S.?


Quick Answer

As of September 2014, the top 10 banks in the United States were JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs Group, Morgan Stanley, General Electric Capital Corporation, U.S. Bancorp, New York Mellon Corporation and PNC. These figures are based on the total assets the banks have.

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Full Answer

Despite JPMorgan Chase, Citigroup, Wells Fargo and Bank of America being listed as four of the wealthiest banks in the country, Forbes listed them low on its list of best American banks in 2012. Citigroup came out the highest of the four with a rank of 42. In December 2012, Citigroup announced that it was slashing nearly 11,000 jobs to help cut costs.

JPMorgan, the wealthiest bank in the United States in both 2012 and 2014, ranked 54 on the Forbes best banks of 2012 list. This was down six spots from what Forbes ranked the bank in 2011. Wells Fargo and Bank of America ranked even lower on the list, at 84 and 86 respectfully. Some of the problems leading to Bank of America's low ranking resulted from it acquiring Countrywide Financial in 2008, which was having money trouble of its own. Wells Fargo, on the other hand, acquired Wachovia in 2008, making it the largest home mortgage lender at the time.

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