The united states have more than 6,000 banks which comprises of Commercial banks,Savings banks,Savings and loans and Credit unions. We are going to access top banks in U.S using their Total assets,Market capitalization,Online banking platforms,Customer satisfaction and Interest, charges, etc
1. JP Morgan Chase bank
This second largest bank in the world after Industrial and Commercial Bank Of China Ltd It consistently holding the top 10 banks list in US. It has branches in most of the countries. It also deals with investment banking, asset and wealth management, treasury and securities services.
The Chase brand is used for the bank’s credit card services in the US and Canada, retail banking activities in the US, and commercial banking.
2. Bank Of America
Bank of America provides a variety of commercial and wealth management services through its Global branches .The bank offers personal banking, private banking, investment banking, small business banking and so on. It is a multinational bank headquartered in Charlotte, North Carolina. Bank of America and Italy and was founded by Giannini in 1922 which later merged with Bank of America, Los Angeles in 1928.
3. Wells Fargo & Co
The bank offers its services under three categories: personal, small business, and commercial. Wells Fargo holds the distinction of being the very first of the banks in the USA to receive a charter from the United States government.
There are more than 6,000 branches and 16,000 ATMs of its own. Wells Fargo bank offers all financial products. The bank has multiple wings regional, community, national and international.
This multinational investment banking and financial services company headquartered in New York City . Citi bank is one of the oldest bank serving for more than two centuries, it was founded in 1812. The bank is ranked under top 10 banks for many years.
It provides financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments: Citicorp and Citi Holdings.
5. Goldman Sachs Group Inc
This multi national investment bank lead by the German Jewish Goldman-Sachs family.Goldman Sachs operates as an investment banking, securities, and investment management company worldwide, through four segments: Investment Banking, Institutional Client Services, Investing and Lending, and Investment Management.
The bank was founded in 1869 by Marcus Goldman and is now headquartered in New York City. It is the 5th largest bank in the US by total assets. The bank offers most of the banking and financial products and services.
6. Morgan Stanley
The bank deals in investment banking ,securities, wealth management, and investment management services.The bank operates through two major segments: Institutional Securities, which offers capital raising and financial advisory services, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance; and Wealth Management.
The largest share holders of Morgan Stanley are Mitsubishi Financial, China Investment Corporation and Morgan Stanley Universal Trust. Institutional Securities, Investment Management and Wealth Management are their core business.
7. US Bancorp
It is the parent company of U.S Bank National Association, the 5th largest bank in the US. It provides almost any of the financial products and services such as banking, investment, mortgage and so on. It is one of the best banks to bank with.
It operates as a bank holding company which, through its subsidiary, provides banking services and financial services. The bank also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage services, and leasing.
It operates through its Retail Banking, Corporate and Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock, and Non-Strategic Assets Portfolio segments.
9. TD Bank
This multinational bank is Canadian origin and is headquartered in Toronto, Ontario, Canada. The name came after merger of two large banks i,e Bank of Toronto and The Dominion Bank. TD bank has investment banking wing as well which deals in asset and wealth management, securities, equity bonds etc.
The bank provides banking, insurance, brokerage, and investment banking services. It is a subsidiary of the Canadian multinational Toronto-Dominion Bank, which is based in Toronto, Ontario.
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10. Capital One
Capital one offers a wide range of financial products and services to consumers, small businesses, and commercial clients through physical branches, the internet, and other distribution channels. It operates through the following business segments: Credit Card, Consumer Banking, Commercial Banking, and Others.
HSBC ranked 9th by total assets in the United States. Area of specialization are retail banking, corporate banking, investment banking, credit and debit cards, loans and so on. HSBC is listed in both Hong Kong Stock Exchange and London Stock Exchange.
The Hongkong and Shanghai Banking Corporation is a London based multinational bank serving since 1865, it operates in 67 countries with more than 3,900 branches.
12. American Express
American Express is a multinational bank was founded in 1850. The company is famous for it’s credit cards. American express operates in more than 40 countries. Amex is a full fledged financial company and offers several banking and financial products such as credit cards, traveler’s card, online savings account, corporate banking and so on.