Top 20 largest US banks 2020

Top US banks

Banks are the backbone of the American economy, they ensure money is available to individuals and capital to companies. Present throughout the country and abroad, US banks are involved in retail banking, corporate and investment banking, wealth management, and an array of financial services.

The top American banks are leading the financial sector and spearheading the economy, but they compete against each other for market share in the US and abroad. They also face competition from foreign banks looking to expand their foothold in their domestic market and other financial companies, such as financial services and insurance companies, challenging them in their operations on financial markets.

Though they have to mitigate systemic risks and potential financial crashes, the most important threat to banks comes from the disruption of their traditional business by financial tech startups. These new “FinTech” companies create new ways for people and companies to obtain, manage and use their money and capital which can impede the activities of traditional banks. And some of them, among the largest US startups365体育登录, have already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

Nevertheless, banks are still a pillar of the US economy and they will remain in this position for the foreseeable future. The US is such a great business arena for banks to prosper that they can actually use their national foothold to expand abroad and conquer new markets. Whether they are regional or national banks, retail or investment banks, or even diversified into all segments, banks are in the US to stay, and potentially, also to conquer the rest of the world.

List of the top 20 largest American banks by market capitalization

To give you more perspective on the actors of the American financial sector and banking industry, details about the twenty largest banks from the US in the S&P 500 index have been listed hereafter. Each bank is detailed with presentations of its sub-industry, activities, market capitalization, a direct link to its website, logo and stock symbol.

For more information on other leading American companies, check our other posts:

365体育登录The banks listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, February 7, 2020. They are defined as belonging to the sub-industries of regional banks, investment banks and brokerage, consumer finance, asset management and custody banks, or as diversified banks for corporations engaged in operations both in retail and investment banking.

For the complete list of the top 500 US companies that constitute the S&P 500 index, and much more information on each company, check our Top 500 US Companies Spreadsheet.

Shortcuts to each bank

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 20 American banks. Be sure to also check the Top 10 banks summary365体育登录 after the list!

– Market Cap.: $ 14.118 Billion – Stock symbol: HBAN

– Market Cap.: $ 15.618 Billion – Stock symbol: RF

18. Citizens Financial Group

Citizens Financial logoSub-Industry: Regional Banks

Citizens Financial Group, Inc. is a regional bank engaged in retail and commercial banking services through its brand, Citizens Bank. It is headquartered in Providence, Rhode Island, and is operating more than 1,200 branches and approximately 3,200 ATMs in the American Northeast: Connecticut, Delaware, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, South Carolina, Pennsylvania, Rhode Island, and Vermont. It was previously owned by the Royal Bank of Scotland Group, one of the largest banks and largest companies from the United Kingdom.

Website: – Market Cap.: $ 16.641 Billion – Stock symbol: CFG

365体育登录 – Market Cap.: $ 19.153 Billion – Stock symbol: KEY

365体育登录 – Market Cap.: $ 19.382 Billion – Stock symbol: FRC

365体育登录 – Market Cap.: $ 20.906 Billion – Stock symbol: FITB

– Market Cap.: $ 22.194 Billion – Stock symbol: MTB

365体育登录 – Market Cap.: $ 28.284 Billion – Stock symbol: STT

365体育登录 – Market Cap.: $ 42.557 Billion – Stock symbol: BK

– Market Cap.: $ 46.482 Billion – Stock symbol: COF

365体育登录 – Market Cap.: $ 60.773 Billion – Stock symbol: SCHW

– Market Cap.: $ 66.401 Billion – Stock symbol: PNC

365体育登录 – Market Cap.: $ 72.840 Billion – Stock symbol: TFC

365体育登录 – Market Cap.: $ 84.273 Billion – Stock symbol: GS

365体育登录 – Market Cap.: $ 85.309 Billion – Stock symbol: USB

– Market Cap.: $ 87.718 Billion – Stock symbol: MS

– Market Cap.: $ 166.359 Billion – Stock symbol: C

– Market Cap.: $ 197.791 Billion – Stock symbol: WFC

– Market Cap.: $ 305.819 Billion – Stock symbol: BAC

– Market Cap.: $ 423.032 Billion – Stock symbol: JPM

Summary: Top 10 US Banks 2020

365体育登录To give you a quick overview of the largest American banks in 2020, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.

Top 10 US Banks 2020

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Top foreign banks in the US

Note that besides these originally American banks, some other foreign banks have established a strong foothold in the United States. Within these banks, three banks can be particularly highlighted for the importance of their activities in the US:

Here are the 20 largest American banks. Do you think they are worth their market capitalization? Do they provide a valuable and convenient service? Do they have too much economic power… and maybe political power too?

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