5 Largest Banks in the US by Asset Size in 2024

In this article, we will look at the 5 largest banks in the US by asset size in 2024. If you wish to look at our detailed analysis, you can go directly to 20 Largest Banks in the US by Asset Size in 2024.

5. Goldman Sachs Group, Inc. (NYSE:GS)

Total Assets as of December 31, 2023: $1.641 trillion

Goldman Sachs Group, Inc. (NYSE:GS) was founded in 1990 under the parent organization Goldman Sachs. It ranks fifth on our list with total assets worth $1.641 trillion as of December 31, 2023. The bank also reported $426.80 billion in total deposits in the same time frame. Goldman Sachs Group, Inc. (NYSE:GS) has two domestic and two foreign branches as of 2023.

4. Wells Fargo & Company (NYSE:WFC)

Total Assets as of December 31, 2023: $1.932 trillion

Wells Fargo & Company (NYSE:WFC) is headquartered in San Francisco, California. Data from the Federal Reserve Statistical Release shows that the bank reported $1.73 trillion in consolidated assets and $1.706 trillion in domestic assets as of December 31, 2023, in Sioux Falls, South Dakota. It ranks fourth on our list.

3. Citigroup Inc. (NYSE:C)

Total Assets as of December 31, 2023: $2.411 trillion

With total assets worth $2.411 trillion, Citigroup Inc. (NYSE:C) ranks third on our list of the 20 largest banks in the US by asset size in 2024. The bank reported $1.308 trillion in total deposits in Q4 of FY2023.

2. Bank of America Corporation (NYSE:BAC)

Total Assets as of December 31, 2023: $3.180 trillion

With total assets worth $3.180 trillion, Bank of America Corporation (NYSE:BAC) ranks second on our list. Headquartered in Charlotte, North Carolina, the bank reported total assets worth $3.180 trillion as of December 31, 2023. According to Federal Deposit Insurance Organization data, Bank of America Corporation (NYSE:BAC) reported 1.90 trillion domestic deposits as of December 31, 2023.

1. JPMorgan Chase & Co. (NYSE:JPM)

Total Assets as of December 31, 2023: $3.875 trillion

JPMorgan Chase & Co. (NYSE:JPM) ranks first on our list of the 20 largest banks in the US by asset size in 2024, with assets worth $3.875 trillion as of Q4 of 2023. The bank also ranks first in the list of the largest banks in the US in terms of total deposits, which were worth $2.400 trillion in the same period.

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Disclosure: None. You can also look at 13 Best Bank Stocks To Invest In For Long-Term and 12 Most Undervalued Bank Stocks To Buy According To Analysts.

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