Enjoy complimentary access to top ideas and insights — selected by our editors.
The top five banks and thrifts in our ranking have combined mortgage-backed securities of more than $1.3 at the end of March. While most banks decreased their mortgage-backed securities this year, one saw an increase of 22.4%.
Scroll through to see which banks and thrifts made the top 20 and how they fared in the 12 months ending in March.
Top banks ranked by mortgage-backed securities
| Rank |
Company name |
City |
State/territory |
2024Q1 mortgage-backed securities*
($000)
|
2023Q1 mortgage-backed securities*
($000)
|
YOY change (%) |
2024Q1 total assets
($000)
|
| 1 |
Bank of America |
Charlotte |
NC |
50,97,80,000 |
53,11,59,000 |
-4.0 |
3,27,38,03,000 |
| 2 |
Wells Fargo |
San Francisco |
CA |
28,36,27,000 |
27,99,76,000 |
1.3 |
1,95,91,60,000 |
| 3 |
Charles Schwab |
Westlake |
TX |
20,63,87,000 |
23,37,58,000 |
-11.7 |
46,87,84,000 |
| 4 |
JPMorgan Chase |
New York |
NY |
20,02,11,000 |
20,80,80,000 |
-3.8 |
4,09,07,27,000 |
| 5 |
Citibank |
New York |
NY |
11,15,30,000 |
10,15,67,000 |
9.8 |
2,43,25,10,000 |
| 6 |
Truist Bank |
Charlotte |
NC |
10,96,11,000 |
11,75,96,000 |
-6.8 |
53,49,59,000 |
| 7 |
U.S. Bank |
Minneapolis |
MN |
10,82,40,000 |
11,25,41,000 |
-3.8 |
68,36,06,000 |
| 8 |
PNC Bank |
Pittsburgh |
PA |
7,37,17,827 |
7,92,89,946 |
-7.0 |
56,61,81,447 |
| 9 |
Morgan Stanley |
New York |
NY |
6,89,21,000 |
7,13,02,000 |
-3.3 |
1,22,85,03,000 |
| 10 |
TD Bank |
Wilmington |
DE |
6,66,32,664 |
7,32,23,031 |
-9.0 |
53,03,24,236 |
| 11 |
Capital One Bank |
McLean |
VA |
6,56,88,158 |
6,95,26,288 |
-5.5 |
48,17,19,684 |
| 12 |
USAA |
San Antonio |
TX |
5,51,47,000 |
5,83,55,000 |
-5.5 |
21,71,99,000 |
| 13 |
BNY |
New York |
NY |
5,47,71,000 |
5,32,54,000 |
2.8 |
43,47,28,000 |
| 14 |
State Street Bank |
Boston |
MA |
4,38,99,000 |
4,40,15,000 |
-0.3 |
33,80,03,000 |
| 15 |
Fifth Third Bank |
Cincinnati |
OH |
3,46,55,000 |
3,65,71,000 |
-5.2 |
21,45,06,000 |
| 16 |
BMO |
Chicago |
IL |
3,31,75,144 |
3,77,95,889 |
-12.2 |
29,55,75,074 |
| 17 |
KeyBank |
Cleveland |
OH |
3,25,26,348 |
3,47,51,405 |
-6.4 |
18,75,30,705 |
| 18 |
Citizens Bank |
Providence |
RI |
3,19,97,454 |
2,61,34,261 |
22.4 |
22,08,62,002 |
| 19 |
Huntington Bank |
Columbus |
OH |
3,12,69,192 |
3,48,18,141 |
-10.2 |
19,35,18,785 |
| 20 |
Ameriprise Financial |
Minneapolis |
MN |
2,74,72,706 |
2,41,35,213 |
13.8 |
17,98,42,656 |
Source link
