Top Five US Banks: USB, JPM, WFC, C & BAC
March 28, 2022 | Premium Service | In this edition of The Institutional Risk Analyst, we take a look at the top-five US commercial banks – JPMorganChase (JPM) at $3.7 trillion in total consolidated assets, Bank of America (BAC) at $3.1 trillion, Citigroup (C) at $2.2 trillion, Wells Fargo (WFC) at $1.9 trillion and falling and U.S. Bancorp (USB) at $573 billion. We exclude Goldman Sachs (GS), Morgan Stanley (MS) and Charles Schwab (SCHW) because these financial holding companies are focused primarily on investing rather than commercial banking. Do note, however, that SCHW is now the 7th largest BHC in the US and there are now five US banking groups in the $500 billion asset category.
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