The Largest U.S. Banks
Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012.
The eleven largest banks are JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), U.S. Bancorp (NYSE: USB), Bank of New York Mellon Corp. (NYSE: BK), HSBC North America Holdings Inc. (a division of HSBC Holdings plc (NYSE: HBC)), PNC Financial Services Group Inc. (NYSE: PNC) Captial One Financial Corp. (NYSE: COF), TD Bank US Holding Co. (a division of Toronto Dominion Bank (NYSE: TD)), and State Street Bank (NYSE: STT).
Here's a handy table of the top eleven, ranked by assets, and including total deposits held:
Total Assets ($B)
Total Deposits ($B)
|Bank of America||$2,160.85||$1,035.23|
|Bank of NY Mellon||$330.28||$221.14|
|HSBC North America||$317.48||$119.51|
The top eleven banks all have assets topping $200 billion dollars. The next eleven own assets topping $100 billion.
The gap between the four largest banks and the rest is large and growing. Whether or not this is a good thing likely depends on the signature at the bottom of one's paycheck.
The full list is available here.
Filed under: 24/7 Wall St. Wire, Banking, Research Tagged: BAC, BK, C, COF, HBC, JPM, PNC, STT, TD, USB, WFC