10. PNC Financial Services

Total assets: $459 billion

(Photo: Shutterstock)

9. TD Group US Holding

Total assets: $476 billion

(Photo: Shutterstock)

8. Truist Financial Group

(formed in 2019 through merger of BB&T Corp. and SunTrust Banks)

Total assets: $504.3 billion

7. U.S. Bancorp

Total assets (June 30): $547 billion

(Photo: Shutterstock)

6. Morgan Stanley

Total assets (June 30): $975.4 billion

(Photo: Bloomberg)


5. Goldman Sachs

Total assets (June 30): $1.14 trillion

(Photo: AP)

4. Wells Fargo & Co.

Total assets (June 30): $1.97 trillion

(Photo: Bloomberg)

3. Citigroup Inc.

Total assets (June 30): $2.23 trillion

Private bank revenues (quarter ended June 30): $956 million

(Photo: AP)

2. Bank of America

Total assets (June 30): $2.74 trillion

(Photo: AP)

1. JPMorgan Chase

Total assets (June 30): $3.21 trillion

(Photo: AP)


(Related: World’s Top 20 Biggest Wealth Managers)

ADV Ratings recently ranked the top U.S. banks by asset size. It noted that the U.S. banking system comprises some 5,400 commercial banks and lending institutions with $10 trillion in loans, $13 trillion in domestic deposits and upward of $18 trillion in total assets.

The three U.S.-based wirehouse firms each employ thousands of financial advisors. Bank of America has the largest advisor force, in its Merrill Lynch unit, at 17,888 as of June 30.

JPMorgan Chase has about 4,000 wealth management advisors and 2,869 private-bank advisors.

See the gallery for the 10 largest U.S. banks, ranked by assets as of June 30.

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