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What were the top five banks in the United States in 2014?

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Quick Answer

The top five banks in the United States in 2014 were J.P. Morgan Chase, Bank of America, Citigroup Inc., Wells Fargo and U.S. Bancorp. While the first four have been regulars on the list since the financial crisis, U.S. Bancorp rejoined the list in 2014.

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Full Answer

The nation's big banks have gotten bigger since the financial crisis of 2008. The top five held an astonishing 50 percent of the $15 trillion in assets held by U.S. banks by the close of 2014. J.P. Morgan held just over $2 trillion in assets, followed by Bank of America with $1.5 trillion and Citibank with $1.4 trillion. U.S. Bancorp held $387 billion by year's end, a paltry sum compared to the big four. It would be extraordinarily unlikely for another bank to knock one of the top four powerhouses out of their rankings.

Squeaking into the top five at the end of the year, U.S. Bancorp managed to overtake Bank of New York Mellon in the last quarter of 2014. Mellon saw a 3.6 percent drop in its assets, pushing it down to sixth place and making room for U.S. Bancorp to reclaim its spot on the top five it had lost the previous quarter.

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