Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012.
The eleven largest banks are JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), U.S. Bancorp (NYSE: USB), Bank of New York Mellon Corp. (NYSE: BK), HSBC North America Holdings Inc. (a division of HSBC Holdings plc (NYSE: HBC)), PNC Financial Services Group Inc. (NYSE: PNC) Captial One Financial Corp. (NYSE: COF), TD Bank US Holding Co. (a division of Toronto Dominion Bank (NYSE: TD)), and State Street Bank (NYSE: STT).
Here’s a handy table of the top eleven, ranked by assets, and including total deposits held:
Total Assets ($B)
Total Deposits ($B)
|Bank of America||$2,160.85||$1,035.23|
|Bank of NY Mellon||$330.28||$221.14|
|HSBC North America||$317.48||$119.51|
The top eleven banks all have assets topping $200 billion dollars. The next eleven own assets topping $100 billion.
The gap between the four largest banks and the rest is large and growing. Whether or not this is a good thing likely depends on the signature at the bottom of one’s paycheck.
The full list is available here.