The ranking of top best banks of America is based on its assets and liabilities. Each bank tries to compete with other banks by providing best financial services to their customers. It can also help in providing the safety of your personal assets. Here is a list of top ten best banks in the United States, which ranked in biggest top banks according to their assets and other features.
1. JPMorgan Chase
JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City in the year December, 2000. This is the largest bank of the nation by total assets of $2,600.00 and also having a huge amount of employees working there. The term Morgan is used by investment banking, private banking, asset banking, health management and other financial services. The company has become bigger by merging with Chase Manhattan Corporation in the year 2000.
2. Bank of America
The abbreviation of Bank of America is BoA which is on the second place in the list of top assets holder bank of the US. It is also an American multinational banking and financial services corporation founded in October, 1904. Its headquarter is in Charlotte, North Carolina and having total assets of $2,100.00 in its balance. Because of having an excellent amount of revenue, this bank comes in the world’s biggest top banks. The Bank Of America operates in all 50 states of the US, including its different branches.
Citigroup Inc. has also originated with the combination of the banking giant Citicorp and financial conglomerate Travelers Group in October 1998. It comes in top biggest banks of the US not because of having a large assets amount, but also because of having largest shareholders including funds. There are 357,000 employees working with them by serving the area approximately worldwide and headquartered in Manhattan, New York City.
4. Wells Fargo
Wells Fargo & Company is counted as the largest bank by market capitalization and fourth largest bank of the US by assets. It is also an American multinational banking and financial services holding company headquartered in San Francisco, California, US and founded in March, 1852. It is basically known for having a huge deposit in its accounts and also for providing best debit cards and home mortgage services to its customers. It has $1,690.00 assets which placed them in top five biggest banks.
5. Goldman Sachs
The Goldman Sachs Group, Inc. is basically engaged in global investment banking, investment management, securities and other financial services primarily with their clients and founded in 1869. Its headquarter is at 200 West Street in the Lower Manhattan area of New York City and operates by the 36,900 employees according to the year 2015. This bank also gets affected because of the economic crisis held in the year 2008 and hold $856.24 assets in its records.
6. Morgan Stanley
Morgan Stanley is founded in between the year 1935 and its headquarter is in Morgan Stanley Building, New York City, New York, U.S. it is an American multinational banking corporation which operates in 42 countries all over the world. The company deals in the field of asset banking, commercial banking, investment banking, investment management and other financial management products.
7. S. Bancorp
U.S. Bancorp is ranked as fourth largest bank in the US’ s total branches, fifth largest bank of the U.S because of having a huge deposit and the seventh largest bank in the U.S with holding the assets of $416.00 billion in its data. It has near about 65,000 people over here who operates different branches of this bank worldwide. As United States National Bank of Portland, it was firstly appeared in the year 1891 in Portland, Oregon.
8. Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation is serving as an American multinational worldwide banking and financial service from its establishment in the year 2007. Its headquarter is in 225 Liberty Street, Manhattan, New York 10281, United States, U.S and has other offices in all over the world to provide best services to its clients. It has $385.30 assets which are administered by 50,300 employees.
9. PNC Financial Services
PNC Financial Services Group, Inc. has total assets of approximately $271.21and become ninth largest bank because of that. It also ranked as the third largest bank off-premises ATM provider, the fifth largest bank in all among the branches and the sixth largest bank by its assets. It is founded in the year 1845 and headquartered at Tower at PNC Plaza, Pittsburgh, Pennsylvania, United States.
10. Capital One
Capital One Financial Corporation is one of the top largest American bank holding company established in July, 1994. It has a total of $297.04 assets and 963 Capital One Bank Branches in it. Its main areas of working are retail, loan, savings, credit cards, home loans and other banking services. Its headquarter is in Tysons Corner, Virginia, United States and 41,100 number of employees working here according to the year 2014.