NEWS AFFAIRS 7 : WHERE EVERY STORY HAS IT'S AFFAIR!
1. JPMorgan Chase & Co.
Started in 1799 in New York City, JPMorganChase is one of the world’s oldest, largest, and best-known financial service institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.
It is assumed to have total assets worth of Approximately $3.9 trillion
Read More : How JPMorgan Chase & Co. uses AI to boost their business
2. Bank of America Corp.
Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading.
It is assumed to have total assets worth of Approximately $3.2 trillion
3. Citigroup Inc.
Citigroup inc. is a multinational investment bank and Wealth management professional with over 3 decades of client facing asset management.
It is assumed to have total assets worth of Approximately $2.4 trillion
4. Wells Fargo & Co.
Wells Fargo & CO. is a multinational financial services company with a significant global presence.The company operates in 35 countries and serves over 70 million customers worldwide and is considered one of the “Big Four Banks” in the United States
It is assumed to have total assets worth of Approximately $1.9 trillion
5. Goldman Sachs Group Inc.
Founded in 1869, It is one of the oldest bank , with massive global revenue .
Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers.
It is assumed to have total assets worth of Approximately $1.7 trillion
6. Morgan Stanley
Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000.The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.
It is assumed to have total assets worth of Approximately $1.4 trillion
7. U.S. Bancorp
It is the parent company of U.S. Bank National Association . In 2023 it ranked 149th on the Fortune 500.
It is assumed to have total assets worth of Approximately $ 600 billion.
8. PNC Financial Services
PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
It is assumed to have total assets worth of Approximately $560 billion.
9. Truist Financial
The company was established in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
It is assumed to have total assets worth of Approximately $550 billion
10. Charles Schwab Corporation
Founded in 1971, Charles Schwab Corporation has over 380 branches, primarily in financial centers in the United States and the United Kingdom.
It is assumed to have total assets worth of Approximately $400 billion
These rankings are based on total assets, which is a common metric used to gauge the size and financial strength of banks. The exact figures can vary, and banks may have different areas of focus and expertise beyond these core services.
