Banking

This list features five of the largest banks within the United States of America – JP Morgan & Chase, Bank of America, Wells Fargo, Citigroup, and BNY Mellon. Each bank is said to hold trillions of assets worldwide and that most of these banking companies serve the majority of personal as well as business account holders in the US.

More Information about the Top 5 Banks

Knowing a little bit of information about each of these banks can help you to make an informed decision when looking for the best bank to put your assets in.

JP Morgan & Chase

Right now, the company is formally referred to as The Chase Bank, which is a result of the merging of the Chase Manhattan Bank and JP Morgan. Just like with many other bigger banks these days, Chase is often fond of merging, snapping up some other big companies, like the Bank One, Chemical Bank, Bank of Chicago, Washington Mutual and Bear Stearns, which makes Chase one of the most successful banking companies of today.

Bank of America

The Bank of America has come a long way ever since it opened in the early 1900s, starting as a California saloon to being one of the tallest buildings on 6th Ave, in New York. Although others would seem to argue that the bank is still not losing some of its saloon style strategies, it is still one of the most highly recognizable companies in the industry of banking.

Wells Fargo

Wells Fargo is said to serve one in every three households in the United States of America, all throughout its line of business in the banking industry. Given the fact that the bank provides a number of products and services, such as banking and investments and even insurance products, their claim is not that hard to believe.

Citigroup

When considering a bank’s global location, Citigroup holds the winning hand. The bank operates in more than 125 countries worldwide, making it the biggest financial entity all over the world. Citigroup also carries a long line of products and services, such as the CitiMortgage, CitiFinancial, CitiCards, CitiCapital, and many more.

BNY Mellon

The BNY Mellon, also known as the Bank of New York Mellon, also landed a spot on this list of the top 5 banks in the United States. The bank is indeed much smaller as compared to those four other banks mentioned above, with just $356 billion worth of total assets, but the bank’s ability to provide the best investment and management services has made it one of the most successful banking companies in America.