The Largest U.S. Banks

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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:

Bank

Total Assets ($B)

Total Deposits ($B)

JPMorgan$2,290.15$1,115.89
Bank of America$2,160.85$1,035.23
Citigroup$1,916.45$914.31
Wells Fargo$1,336.20$928.93
U.S. Bancorp$353.14$241.32
Bank of NY Mellon$330.28$221.14
HSBC North America$317.48$119.51
PNC$299.58$206.92
Capital One$296.57$213.93
TD$207.33$169.43
State Street$200.78$143.77

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.

Paul Ausick


Filed under: 24/7 Wall St. Wire, Banking, Research Tagged: BAC, BK, C, COF, HBC, JPM, PNC, STT, TD, USB, WFC
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