Is Chase the number 1 bank in America?
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank. Key Takeaways: Chase is the largest bank in the country, holding over $3.38 trillion in assets.
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
Unsurprisingly, JPMorgan Chase has retained the top spot as the largest US bank, as it's done for more than 20 years. In its latest release, based on data as of Dec. 31, 2023, the Federal Reserve ranked 2,129 US commercial banks.
JPMorgan Chase's Capital Adequacy Tier - Tier 1 Ratio % for the annual that ended in Dec. 2023 was 16.60% , which is higher than 14.90% for the pervious year ended in Dec. 2022.
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco, California |
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
It provides mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its website experience can compete with that of online-only banks. Chase ranked well in the 2023 J.D. Power U.S. Retail Banking Satisfaction Study.
In short, Chase is an excellent bank to work with, but not for the usual reasons (high interest and low fees) consumers choose a bank.
Though it has a large branch network, it offers all the tools you need to bank online if you prefer. Its interest rates fall far short of what you can find with online banks, but loyal Chase customers who keep a lot of money in the bank can earn slightly better rates as well as discounted fees and other perks.
What is Chase ranked?
| Rank by Asset Size | Bank Name | Total Assets |
|---|---|---|
| 1. | Chase Bank | $3.38 trillion |
| 2. | Bank of America | $2.45 trillion |
| 3. | Wells Fargo | $1.7 trillion |
| 4. | Citibank | $1.68 trillion |
So, if you prefer higher savings rates and lower fees on your banking accounts, then Capital One might be your choice. However, if you want to keep all your money in one place, and like the option of in-person banking you might want to consider Chase.
The nation's biggest banks include both traditional retail banks and investment banks. While Chase, Bank of America, Wells Fargo and Citi stand out as big banks, U.S. Bank, PNC Bank, Goldman Sachs, Truist Bank, Capital One and TD Bank round out the 10 largest banks in the U.S.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide. Si tienes alguna pregunta, por favor llama o visita una sucursal local de Chase.
What bank operates in all 50 states? No bank currently operates a branch location in all 50 states, though several of the nation's largest institutions come close.
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
In 1955, the Bank of the Manhattan Company merged with Chase National Bank, the third largest in the United States, to form Chase Manhattan Bank. And in 2000, Chase Manhattan merged with JPMorgan & Co, to form today's JPMorgan Chase.
- ATMs: More than 15,000.
- Branches: More than 4,700 in 49 states and Washington, D.C.; no branches in Alaska.
- Learn more: Chase review.
| Network | ATM access in the US |
|---|---|
| Simple | 40,000+ Allpoint ATMs in its network |
| Capital One | 39,000+ Capital One and Allpoint ATMs nationwide |
| Bank of America | 16,000+ fee-free ATMs nationwide |
| Chase | 18,500+ branch ATMs nationwide |
As of Jan. 31, 2024, JP Morgan & Chase held the title of the largest bank in the world by market capitalization.
What is the downside of Chase Bank?
Most Chase deposit accounts don't have minimum opening deposit requirements. The bank's various fees and low savings account rates, compared to what some competitors offer, are drawbacks.
- $12 monthly fee unless you meet direct deposit or minimum balance requirements.
- Fees for non-Chase ATMs.
- $34 overdraft and non-sufficient funds fees (no fee if you're overdrawn by $50 or less at the end of the business day)
Chase Bank may be best for consumers who prefer in-person banking and ATM access, since it offers more than 4,900 branches and 15,000 ATMs nationwide. Chase Bank may be best for consumers who prefer in-person banking and ATM access, since it offers more than 4,900 branches and 15,000 ATMs nationwide.
Overall, Chase is a very solid choice if you're looking for a big-name bank that offers everything. It's great if you want to do all your money matters under one roof. You can transfer funds between all your Chase accounts. Chase has a top-rated mobile app so it's easy to bank from anywhere.
Those with deposits at big banks like JPMorgan Chase, which holds roughly 10% of the nation's bank deposits, are likely safe, given that the banks are considered “too big to fail.” “Keep your money in an FDIC-insured bank if you have $250,000 or less.
