In this article we are going to list the 10 largest banks in the U.S.. For a detailed coverage of this topic and a more comprehensive list please take a look at the 25 largest banks in the U.S by asset size.
10. Capital One Financial Corporation (NYSE:COF)
Total assets of the company (in billions): $455.2
Capital One Financial Corporation (NYSE:COF) is one of the biggest banks in the U.S. by asset size, but even before the banking industry crisis began, insiders sold $1.4 million worth of stock, which might indicate bearish signals for the stock.
9. Truist Financial Corporation (NYSE:TFC)
Total assets of the company (in billions): $555.3
Truist Financial Corporation (NYSE:TFC) saw its share price plummet by 29.5% in the last 5 days even as Baird upgraded the stock to “Outperform”, according to Seeking Alpha.
8. The PNC Financial Services Group, Inc. (NYSE:PNC)
Total assets of the company (in billions): $557.3
The PNC Financial Services Group, Inc. (NYSE:PNC) maintains operations in 27 states and owns more than 2,500 branches and 9,500 ATMs. In the aftermath of SVB’s collapse, Citi has upgraded its rating for The PNC Financial Services Group, Inc. (NYSE:PNC), calling it a “strong pair of hands”.
7. U.S. Bancorp (NYSE:USB)
Total assets of the company (in billions): $674.8
U.S. Bancorp (NYSE:USB) has lost nearly a fifth of its total value in just the last 5 days.
6. Morgan Stanley (NYSE:MS)
Total assets of the company (in billions): $1,180.2
Morgan Stanley (NYSE:MS) is the first bank in our list of the largest banks in the U.S. by asset size to have more than $1 trillion in assets. Morgan Stanley (NYSE:MS) also said in the immediate aftermath of the banking crisis to sell any gains made post-SVB stock bounces as banks are coming under earning pressures.
5. The Goldman Sachs Group, Inc. (NYSE:GS)
Total assets of the company (in billions): $1,441.8
The Goldman Sachs Group, Inc. (NYSE:GS) has seen its market price fall by 11.3% in the last 5 days, though the Biden administration’s promise to back customer deposits may see this price rebound. The Goldman Sachs Group, Inc. (NYSE:GS) has also predicted that the banking industry crisis will result in further interest rate increases being scrapped to restore confidence.
4. Wells Fargo & Company (NYSE:WFC)
Total assets of the company (in billions): $1,881.0
Wells Fargo & Company (NYSE:WFC) has seen its share price fall by 16.8% in just the last five days as the banking crisis continues to impact major and minor companies in the industry.
3. Citigroup Inc. (NYSE:C)
Total assets of the company (in billions): $2,416.7
Citigroup Inc. (NYSE:C) has also been one of the banks which have been raking in deposits after Silicon Valley Bank’s collapse, according to Bloomberg. This positive news for Citigroup Inc. (NYSE:C) has overshadowed the bank reducing its investment banking headcount in Asia. Citigroup Inc. (NYSE:C) is also considered to be among the most hated companies in America.
2. Bank of America Corporation (NYSE:BAC)
Total assets of the company (in billions): $3,051.4
Bank of America Corporation (NYSE:BAC) has been one of the companies facing strong criticism from ESG investors, and the second-largest U.S. lander responded when its CEO Brian Moynihan stated to shareholders “We are capitalists”.
1. JPMorgan Chase & Co. (NYSE:JPM)
Total assets of the company (in billions): $3,665.7
Easily topping the list of the 25 largest banks in the U.S. by asset size is JPMorgan Chase & Co. (NYSE:JPM). JPMorgan Chase & Co. (NYSE:JPM) has been one of the beneficiaries of the collapse of Silicon Valley Bank, being one of the banks that former Silicon Valley Bank clients have flooded to.
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