Largest banks in the U.S. 2020, by assets

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top seven banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.

Total assets of banks

As the largest bank in the United States, JPMorgan Chase had total assets worth around 2.69 trillion U.S. dollars in 2019. Despite being the bank with the highest market capitalization in the world, the bank ranked only seventh in terms of total assets worldwide, while the top four positions were all held by Chinese banks.

Stability in the banking sector in the United States

All the big four banks in the United States had a common equity tier 1 (CET1) ratio well above the required 4.5 percent during the first quarter 2020. JPMorgan Chase had a CET1 ratio of 11.48 percent, while the highest CET1 ratio among banks in the United States during this period was 16.24 percent, which was for the bank TD Group, the ninth largest bank in the United States in 2020.