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Leading U.S. banks 2020, by market cap

In February 2020, the market capitalization of JPMorgan Chase amounted to approximately 423 billion U.S. dollars making it the largest bank in the United States. By this measure, the second largest bank was Bank of America, followed by Wells Fargo.

What is market capitalization?

Market capitalization, also known as stock market value, is the total value of shares issued by a publicly traded company. It reflects the equity value of a company. Market cap is calculated by multiplying the market price of one share by the number of shares outstanding. For example, market cap of Bank of America can be calculated by multiplying its share price by the number of shares it has issued.

Other measures of company size

Total assets also allow to determine the size of a bank. Instead of focusing on the stock price, this metric measures the size of the bank’s operations by counting the size of its balance sheet. Bank revenue and income are also common indicators used to compare banks and their performance. For more measures of the United States banking sector, please see the report on U.S. commercial banks.

Largest banks in the United States as of February 2020, by market capitalization

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Release date

October 2020


United States

Survey time period

February 7, 2020

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Statistics on "Banking industry in the United States"

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