JPMorgan Chase is the largest US bank by assets, according to the latest release from The Federal Reserve Board.

Here is the full list of the top 10 banks in the US, ranked by assets as of December 31, 2024.

1. JPMorgan Chase Bank — $3.46 trillion

JPMorgan Chase Bank, headquartered in Columbus, OH, remains America's largest bank with consolidated assets of $3.46 trillion. Its domestic assets total $2.66 trillion (77% of the total). The bank maintains an extensive network of 4,970 domestic branches and 32 foreign branches.

2. Bank of America — $2.59 trillion

Charlotte-based Bank of America holds the second position with $2.59 trillion in consolidated assets. Domestic assets make up $2.44 trillion (94% of total). The bank operates through 3,669 branches across the US and 21 foreign locations.

3. Wells Fargo Bank — $1.71 trillion

Wells Fargo Bank, based in Sioux Falls, SD, ranks third with $1.71 trillion in consolidated assets. Nearly all of its holdings ($1.68 trillion or 99%) are domestic. The bank maintains 4,227 branches in the US and 10 foreign locations.

4. Citibank — $1.70 trillion

Also based in Sioux Falls, SD, Citibank places fourth with consolidated assets of $1.70 trillion. Unlike its peers, only 62% ($1.06 trillion) of its assets are domestic. The bank operates 649 US branches alongside an extensive international network of 110 foreign branches.

5. U.S. Bank — $662.9 billion

Cincinnati-headquartered U.S. Bank ranks fifth with $662.9 billion in consolidated assets. Its domestic assets of $655.5 billion represent 99% of the total. The bank maintains 2,201 domestic branches and a single international location.

6. Goldman Sachs Bank USA — $558.2 billion

New York-based Goldman Sachs Bank USA holds sixth place with $558.2 billion in consolidated assets. Its domestic assets total $504.5 billion (90% of total). Unlike retail-focused competitors, Goldman maintains minimal branch presence with just 2 domestic and 2 foreign locations.

7. PNC Bank — $556.1 billion

PNC Bank, headquartered in Wilmington, DE, ranks seventh with $556.1 billion in consolidated assets. The bank's domestic assets make up $552.2 billion (99% of total). PNC serves customers through 2,308 US branches and one international location.

8. Truist Bank — $523.1 billion

Charlotte-based Truist Bank places eighth with $523.1 billion in assets. Virtually all of its assets ($523.1 billion) are domestic. The bank operates exclusively within the US through its network of 1,928 branches.

9. Capital One — $487.2 billion

McLean, VA-based Capital One ranks ninth with $487.2 billion in consolidated assets. Nearly all of these assets ($486.7 billion) are domestic. The bank maintains a focused branch network of 257 US locations and one foreign branch.

10. TD Bank — $372.8 billion

Wilmington, DE-headquartered TD Bank rounds out the top ten with $372.8 billion in consolidated assets, all of which are domestic. The bank operates 1,134 branches across the US with no foreign locations.

2025 trends affecting US banks

Here are some recent trends covered in EMARKETER reports.

• Preparing for Gen Alpha: This young demographic is on track to become the largest generation. Banks must start building relationships with children today to convert them into customers later.
• Gen Z is in denial about finances: Gen Z’s financial aspirations and spending habits aren’t in line with their economic reality. Banks can help them manage their expectations and plan for the future with engaging financial education—boosting Gen Z customer lifetime value in the process.
• Banking chatbots are getting an AI boost: Chatbots are critical to customer relationships in banking, but customers still don’t like chatbots as much as banks do. Consumers’ adoption of AI banking chatbots also varies by country.
• AI compliance challenges: Banks are increasingly adopting AI for high-stakes operations like loan approvals, which is exposing them to more third-party risk. Banks must ensure their AI is explainable and compliant to stay ahead of regulation and avoid potential discrimination issues.
• Banking as a Service (BaaS) regulatory scrutiny: Banks are striving to maintain BaaS income while facing increased regulatory crackdowns. They're shifting towards direct relationships with fintechs, but need to address fundamental issues in compliance, oversight, and cybersecurity to truly mitigate risks.
• Financial Media Networks (FMNs) as new revenue streams: Banks are exploring FMNs to monetize their retailer-agnostic data and tap into the growing digital ad spend market. This trend offers new advertising revenue opportunities but requires careful navigation of privacy concerns and regulatory scrutiny.

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