Top Bank Holding Companies in US

Bank of America is the largest bank holding company in the United States by assets. It is also one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a comprehensive range of banking, investing, asset management, as well as other financial and risk-management products and services. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

HSBC North America Holdings Inc. is one of the top 10 largest bank holding companies in the United States with assets of approximately $350 billion at 30 September 2010. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. It has branches in New York, Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State.

Top 25 bank holding companies in the USA:
(ranked by assets as of September 30, 2010)
Rank, Company, Assets in US$ billion
1 Bank of America Corp. 2,341.160
2 JP Morgan Chase 2,141.595
3 Citigroup Inc. 1,983.280
4 Wells Fargo 1,220.784
5 Goldman Sachs Group 908.860
6 Morgan Stanley 841.372
7 Metlife, Inc. 617.254
8 Taunus Corp. 389.993
9 Barclays Group US Inc. 383.955
10 HSBC North America Holdings Inc. 350.102
11 U.S. Bancorp 290.654
12 PNC Financial Services Group 260.174
13 Bank of New York Mellon Corp. 254.352
14 Capital One Financial Corp. 196.932
15 TD Bank US Holding Company 174.985
16 SunTrust Banks, Inc. 174.726
17 ALLY Financial Inc. 173.191
18 State Street Corp. 171.494
19 BB&T Corporation 157.230
20 American Express 145.012
21 Citizens Financial Group, Inc. 136.118
22 Regions Financial Corp. 133.555
23 Fifth Third Bancorp 112.322
24 KEYCORP 94.074
25 Northern Trust Corp. 80.723
Source: Federal Reserve System (FRS)

* Next: Largest Banks in the USA & Canada

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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