From Bank of America to Wells Fargo: The most powerful banks in the United States

From time to time, the ranking of the most powerful banks in the United States changes. The biggest banks trade places, while smaller institutions fall off the list or are replaced.

According to the latest update, the five largest U.S. banks have a combined $10.7 trillion in assets, while the next 15 banks on the list together hold just over $5 trillion.

The most powerful banks in the United States

According to figures from the Federal Reserve, based on data as of December 31, 2025, these are the largest banks in the United States by total assets.

JPMorgan Chase

Chase Bank is the consumer banking division of JPMorgan Chase. It currently operates more than 5,000 branches across the country.

• Assets: $3.75 trillion
• Headquarters: Columbus, Ohio

Bank of America

Bank of America serves more than 67 million consumers and small business clients worldwide. In the United States, it has more than 3,600 branches.

• Assets: $2.47 trillion
• Headquarters: Charlotte, North Carolina

Citibank

Citigroup is a global financial services corporation. Its retail banking division has about 660 branches in the United States. U.S. customers also have access to more than 65,000 fee-free ATMs.

• Assets: $1.83 trillion
• Headquarters: Sioux Falls, South Dakota

Wells Fargo

Founded in 1852, Wells Fargo has more than 4,100 branches in the United States.

• Assets: $1.82 trillion
• Headquarters: Sioux Falls, South Dakota

U.S. Bank

U.S. Bank is the fifth-largest commercial bank by assets. Among the top five, it is the only bank with less than $1 trillion in assets. It has more than 2,100 branches in the United States.

• Assets: $676.12 billion
• Headquarters: Cincinnati, Ohio

The rest of the top 10 largest banks in the United States

Capital One

• Assets: $658.46 billion
• Headquarters: McLean, Virginia
• U.S. branches: 258

Goldman Sachs

• Assets: $644.99 billion
• Headquarters: New York, New York
• U.S. branches: 2

PNC Bank

• Assets: $568.33 billion
• Headquarters: Wilmington, Delaware
• U.S. branches: 2,304

Truist Bank

• Assets: $539.51 billion
• Headquarters: Charlotte, North Carolina
• U.S. branches: 1,927

Bank of New York Mellon

• Assets: $380.99 billion
• Headquarters: New York, New York
• U.S. branches: 1

You can find the full list of U.S. banks and their total assets on the Federal Reserve’s website.

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