- Finance & Banking
15 Largest Banks In The United States (2026 Update)
As of 2026, nearly 98% of households in the United States utilize bank accounts, reflecting the increasing importance of financial institutions in everyday life. Furthermore, recent data indicates that approximately 75% of Americans now hold credit cards, underscoring the integral role banks play in personal finance.
Many individuals can recall the pivotal moment of opening their first bank account or applying for their first credit card, marking a significant step towards financial independence.
Banks continue to finance a wide range of purchases across the nation, with more than 90% of new vehicles being financed through banks, along with a substantial percentage of used cars. This highlights the growing influence and presence of banks in the financial landscape.
With the total assets of banks continuing to rise over the last decade, it’s essential to identify the major players in this sector. Below is a comprehensive list of the top 15 largest banks in America based on their total assets in 2026:
America’s 15 Largest Banks: A Closer Look (2026)
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Headquarters: New York City, New York
Total Assets: $3.213 trillionJust over 20 years ago, JPMorgan and Chase merged, with Chase serving as the US consumer division of JPMorgan. They operate approximately 4,700 branches nationwide, with headquarters located at 383 Madison Avenue in Midtown Manhattan, New York.
JPMorgan Chase & Co. is recognized as a universal and custodian bank, offering services in:
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Asset and wealth management
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Consumer and community banking
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Commercial banking
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Investment banking
As of 2026, JPMorgan Chase & Co. employs over 260,000 employees across the US, servicing clients from households and the private sector.
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Headquarters: Charlotte, North Carolina
Total Assets: $2.619 trillionWith approximately 70 million consumers globally and over 40 million digital clients, Bank of America Corp. secures its place as the second-largest bank in America.
They operate around 4,300 financial centers nationwide, including 2,700 lending centers.
Bank of America Corp. offers a wide array of services, including:
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Consumer banking
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Corporate banking
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Credit cards
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Insurance
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Investment banking
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Mortgage loans
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Private banking
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Private equity
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Wealth management
In recent years, Bank of America Corp. has expanded its workforce to over 210,000 employees, with plans for continued growth.
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Headquarters: New York City, New York
Total Assets: $2.219 trillionCitigroup emerged as a financial powerhouse following the merger of Citicorp and Travelers Group in 1998. Their headquarters, located at 388-390 Greenwich St., New York City, oversees a robust retail banking division known as Citibank, which operates around 3,400 financial centers globally, including roughly 700 branches in the US. This division maintains over 140 million accounts and offers an impressive 65,000 fee-free ATMs.
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Headquarters: San Francisco, California
Total Assets: $1.981 trillionAs the oldest bank in America, Wells Fargo Co. was founded in 1852. As of 2026, the bank employs about 270,000 employees and serves at least 75 million customers.
Despite recent consolidations, Wells Fargo maintains the highest number of branches in the country, with approximately 8,000 locations. Their recent initiatives include launching new savings and mobile banking apps aimed at attracting younger clients.
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Headquarters: New York City, New York
Total Assets: $1.089 trillionGoldman Sachs Group Inc. primarily focuses on investment banking and financial services. The institution employs just over 40,000 individuals.
Their service offerings include:
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Asset management
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Credit cards
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Commercial banking
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Commodities
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Investment banking
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Investment management
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Mutual funds
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Prime brokerage
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Personal loans
Goldman Sachs has a presence in 60 major cities worldwide, with their headquarters located at 200 West Street, New York City.
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Headquarters: New York City, New York
Total Assets: $947 billion
Founded through a merger in 1997, Morgan Stanley operates as a major investment bank with over 60,000 employees and offices in 42 countries. They structure their services through three main segments: Institutional Securities, Wealth Management, and Investment Management.
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Headquarters: Minneapolis, Minnesota
Total Assets: $546 billionU.S. Bancorp serves as the parent company of the retail banking division U.S. Bank, headquartered on Lasalle Ave. in Minneapolis. They cater to approximately 18.7 million customers and provide over 70,000 jobs nationwide, operating a network of over 3,000 branches and nearly 5,000 ATMs primarily in the Midwest and Western regions.
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Truist Financial Corporation
Headquarters: Charlotte, North Carolina
Total Assets: $506 billionTruist Financial Corporation, serving around 10 million consumers, was formed through the 2019 merger of BB&T and SunTrust. Headquartered in Charlotte, North Carolina, Truist Bank operates 2,049 branches primarily in the South and along the East Coast. Their divisions include Truist Bank, Truist Securities, and Truist Insurance Holdings, collectively employing over 37,000 individuals and offering services such as:
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Commercial and consumer banking
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Investment banking
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Insurance
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Mortgages
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The PNC Financial Services Group
Headquarters: Pittsburgh, Pennsylvania
Total Assets: $457 billionPNC Financial Services Group Inc. is the only bank on this list founded in Pennsylvania. Their retail banking division, PNC Bank, operates across 21 states, maintaining 2,296 branches. Following the acquisition of BBVA USA for $11.6 billion, PNC’s total assets significantly increased. Currently, PNC employs over 50,000 people and serves around 8 million customers.
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Headquarters: Cherry Hill, New Jersey
Total Assets: $447 billionTD Group US Holdings LLC, headquartered in Cherry Hill, New Jersey, operates TD Bank, which has 1,301 locations and serves 9.5 million customers. Known for its flexible hours, TD Bank operates under the slogan “America’s Most Convenient Bank,” with many locations open on weekends. They provide deposit accounts, credit cards, mortgages, and services for private business clients.
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Headquarters: McLean, Virginia
Total Assets: $396 billionCapital One Financial Corp. specializes in credit cards, savings accounts, and auto loans. They maintain a robust customer base with over 60 million active cardholders, representing over 11% of the market share. Capital One Bank features a technology-driven approach to banking, operating 755 branches, including 30 café-style locations with complimentary WiFi.
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Headquarters: San Francisco, California
Total Assets: $370 billionCurrently headquartered in San Francisco, California, Charles Schwab Corporation is in the process of relocating to Westlake, Texas following a potential merger with TD Ameritrade. This financial services company specializes in:
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Commercial banking
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Stock brokerage
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Wealth management
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Electronic trading platforms
Although Charles Schwab operates only 345 branches, their client assets soared to an impressive $3.5 trillion in 2026.
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Headquarters: Boston, Massachusetts
Total Assets: $359 billionState Street Corp., the second oldest bank in America, has its headquarters located in Boston, MA. They employ nearly 40,000 people, catering primarily to asset holders, insurance companies, and pension funds. State Street specializes in:
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Investment management
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Stock trading
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Foreign exchange markets
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Custodian banks
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Securities lending
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Headquarters: New York City, New York
Total Assets: $349 billionBank of New York Mellon Corp., a private custodian bank, employs over 50,000 individuals and operates in 35 countries. Their focus is primarily on institutional and corporate investments, targeting high-net-worth clients. Investment services contribute to approximately 72% of their income.
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Headquarters: New York City, New York
Total Assets: $297 billionHSBC Bank USA, a subsidiary of UK-based HSBC, operates 159 branches across major US cities such as Los Angeles, Atlanta, Houston, Miami, San Francisco, Chicago, Seattle, and Washington D.C.
In summary, the banking landscape in 2026 showcases significant growth and evolution, with major institutions adapting to the changing needs of consumers and advances in technology. As these banks continue to play a vital role in the economy, they present numerous career opportunities for those seeking to enter the financial sector. Whether you’re looking for roles in traditional banking, investment services, or digital finance, the largest banks in the United States remain at the forefront of the industry.
- Finance & Banking
Author
Jack Flynn is a writer for Zippia. In his professional career he’s written over 100 research papers, articles and blog posts. Some of his most popular published works include his writing about economic terms and research into job classifications. Jack received his BS from Hampshire College.
