What are top American banks?


Quick Answer

As of 2015, J.P. Morgan Chase, Bank of America, Citigroup and Wells Fargo are ranked as America's most profitable banks, in that order. Known as "the Big Four," these banks have been the largest banks in America since the events of the 2008 financial crisis.

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What are top American banks?
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Full Answer

The largest of the Big Four, J.P. Morgan Chase, controlled more than $2.5 trillion worth of assets during 2014. This massive sum is comprised of both J.P. Morgan Chase's customer deposits (roughly $1.3 trillion) and its other assets. Bank of America came in a close second with more than $2.1 trillion in assets.

While America's top four banks have gone unchallenged since 2008, the number five position has been the source of much contention. In 2014, the Bank of New York made headlines by surpassing the U.S. Bankcorp to become the nation's fifth-largest bank. The Bank of New York did so by growing their business by 8.8 percent throughout the year. However, the Bank of New York's $400 billion worth of assets represents only a quarter of the total assets for the nation's fourth-largest bank, Wells Fargo.

Other major banks in the United States include PNC Financial Services and Capital One, which rank as the seventh- and eighth-largest American banks, respectively.

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