JPMorgan Chase leads the pack🥇; Bank of America holds the 2nd position🥈 in most categories.
12 Largest Banks in North America
| Bank | Country | Assets (In Billion $) | Deposits (In Billion $) | Loans (In Billion $) | Efficiency Ratio |
|---|---|---|---|---|---|
| JP Morgan | US | $4,210B | $2,431B | $1,316B | 55% |
| Bank of America | US | $3,324B | $1,930B | $1,063B | 66.79% |
| Citigroup | US | $2,368B | $1,274B | $649B | 71.8% |
| Wells Fargo | US | $1,922B | $1,350B | $895B | 67% |
| Goldman Sachs | US | $1,728B | $445B | $192B | 74.6% |
| RBC | CA | $1,503B | $986B | $704B | 59.82% |
| TD | CA | $1,425B | $884B | $680B | 64.57% |
| Morgan Stanley | US | $1,258B | $364B | $240B | 77% |
| Scotiabank | CA | $1,016B | $687B | $550B | 59.22% |
| BMO | CA | $1,014B | $699B | $488B | 72.52% |
| CIBC | CA | $740B | $538B | $398B | 61.52% |
| US Bancorp | US | $686B | $521B | $367B | 66.7% |
Key Insights:
🏆Top Performers:
Following JPMorgan Chase and Bank of America , Citibank and Wells Fargo rank 3rd🥉 in assets and deposits, respectively.
💼 Investment Banking Focus:
Goldman Sachs and Morgan Stanley, with loan-to-asset ratios of 11% and 19%, clearly prioritize investment banking over traditional lending.
🍁 Canadian Banks:
- Out of the top 12, 5 are Big Canadian banks with significant operations outside Canada.
- Scotiabank and RBC rank 2nd and 3rd in efficiency ratios.
- Excluding US Bancorp, 5 Big Canadian banks show the highest loan-to-asset ratios, highlighting:
- Their focus on traditional banking.
- They don't securitize most of their mortgage portfolios.
Follow us on social media for more posts
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.