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The top five companies in the ranking had combined assets of more than $13 trillion as of Sept. 30. Seventeen of the top 20 increased their assets over the previous year, with one seeing a rise of 19%. Of the companies that saw their assets shrink, the year-on-year declines ranged from 1.9% to 3.6%.
Scroll through to see which banks and thrifts are in the top 20 and how they fared in the 12 months ended on September 30.
Source: S&P
Banks and thrifts ranked by assets in Q3
| Rank |
Company name |
Total assets 2024 Q3 |
Total assets 2023 Q3 |
YOY change |
| 20 |
Citizens Bank |
$220,309,167,000 |
$225,635,456,000 |
-2.4% |
| 19 |
First Citizens Bank |
$220,567,000,000 |
$213,766,300,000 |
3.2% |
| 18 |
USAA |
$221,838,000,000 |
$208,052,000,000 |
6.6% |
| 17 |
HSBC |
$233,747,630,000 |
$224,496,230,000 |
4.1% |
| 16 |
American Express |
$270,979,000,000 |
$250,587,000,000 |
8.1% |
| 15 |
BMO |
$297,929,924,000 |
$291,182,212,000 |
2.3% |
| 14 |
State Street Bank |
$338,481,000,000 |
$284,415,000,000 |
19.0% |
| 13 |
BNY |
$427,461,000,000 |
$405,248,000,000 |
5.5% |
| 12 |
Charles Schwab |
$466,055,000,000 |
$475,204,000,000 |
-1.9% |
| 11 |
Capital One |
$486,432,796,000 |
$471,434,737,000 |
3.2% |
| 10 |
Truist Bank |
$523,434,000,000 |
$542,966,000,000 |
-3.6% |
| 9 |
TD Bank |
$560,480,560,000 |
$511,769,848,000 |
9.5% |
| 8 |
PNC Bank |
$565,085,257,000 |
$557,355,743,000 |
1.4% |
| 7 |
U.S. Bank |
$686,469,000,000 |
$668,039,000,000 |
2.8% |
| 6 |
Morgan Stanley |
$1,258,027,000,000 |
$1,169,013,000,000 |
7.6% |
| 5 |
Goldman Sachs |
$1,728,080,000,000 |
$1,577,153,000,000 |
9.6% |
| 4 |
Wells Fargo |
$1,922,125,000,000 |
$1,909,261,000,000 |
0.7% |
| 3 |
Citibank |
$2,430,663,000,000 |
$2,368,477,000,000 |
2.6% |
| 2 |
Bank of America |
$3,324,293,000,000 |
$3,153,090,000,000 |
5.4% |
| 1 |
JPMorgan Chase |
$4,210,048,000,000 |
$3,898,333,000,000 |
8.0% |
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