📊 30 Largest Banks & Credit Unions in North America by Total Assets
30 Largest Institutions by Assets (in Billion US$) - March 31, 2025
| Bank | HQ | Assets ▼ | Net Loans | Deposits | Securities | Market Cap $B (July 24, 2025) |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | US | $4,358 | $1,330 | $2,496 | $1,540 | $815 |
| Bank Of America | US | $3,349 | $1,097 | $1,990 | $1,279 | $360 |
| Citigroup | US | $2,572 | $683 | $1,316 | $971 | $176 |
| Wells Fargo & Company | US | $1,950 | $900 | $1,362 | $592 | $270 |
| Goldman Sachs Group | US | $1,766 | $210 | $471 | $791 | $221 |
| RBC | CA | $1,624 | $730 | $1,022 | $357 | $186 |
| TD Bank | CA | $1,495 | $699 | $1,079 | $383 | $129 |
| Morgan Stanley | US | $1,300 | $233 | $382 | $559 | $228 |
| BMO | CA | $1,043 | $489 | $694 | $290 | $82 |
| Scotiabank | CA | $1,025 | $553 | $702 | $197 | $71 |
| CIBC | CA | $790 | $414 | $554 | $195 | $69 |
| U.S. Bancorp | US | $676 | $374 | $513 | $174 | $72 |
| PNC Financial Services Group | US | $555 | $314 | $423 | $138 | $77 |
| Truist Financial | US | $536 | $309 | $404 | $124 | $59 |
| Capital One Financial | US | $494 | $308 | $367 | $84 | $135 |
| Charles Schwab | US | $463 | $132 | $246 | $219 | $175 |
| Bank Of New York Mellon | US | $441 | $71 | $309 | $157 | $71 |
| National Bank | CA | $388 | $207 | $281 | $122 | $42 |
| State Street | US | $373 | $45 | $272 | $114 | $32 |
| Desjardins Group Credit Union | CA | $353 | $215 | $224 | $77 | - |
| American Express Company | US | $282 | $201 | $146 | $1 | $215 |
| First Citizens Bancshares | US | $229 | $140 | $159 | $44 | $51 |
| Citizens Financial Group | US | $220 | $136 | $178 | $43 | $21 |
| Fifth Third Bancorp | US | $213 | $120 | $166 | $68 | $29 |
| M&T Bank | US | $210 | $132 | $165 | $35 | $30 |
| Huntington Bancshares | US | $210 | $130 | $165 | $46 | $24 |
| Barclays US ** | US | $196 | $36 | $36 | $53 | - |
| Ally Financial | US | $193 | $130 | $151 | $28 | $12 |
| Navy Federal Credit Union | US | $190 | $130 | $160 | $34 | - |
| KeyCorp | US | $189 | $103 | $151 | $49 | $21 |
| Total | - | $27,683 | $10,572 | $16,584 | $8,763 | $3,671 |
Notes: Canadians Banks' data is as of April 30th, 2025. US Banks' & Desjardins data is as of March 31th, 2025.
** Barclays financial data includes only operations of Barclays US which is a subsidiary of Barclays Group
Sources: Financial Institutions' Quarterly Reports, morningstar.com, OSFI, Federal Reserve CAD/USD Historical Rates
The top three—JPMorgan Chase, Bank of America, and Citigroup—hold a combined US$10 trillion in assets, nearly 3 times the total market cap of all companies on the TSX!
🏦 The list includes:
- 21 U.S. banks
- 6 Canadian banks
- 1 U.S. credit union: Navy Federal Credit Union
- 1 Canadian credit union: Desjardin Group (federation of credit unions)
- 1 European bank: Barclays U.S. (subsidiary)
- No Mexican banks: BBVA México (subsidiary of BBVA group), ranks 31st
💰 Largest Banks by Market Capitalization:
Only three banks in North America currently have market caps exceeding US$250 billion:
- 🥇 JPMorgan Chase – $815B
- 🥈 Bank of America – $360B
- 🥉 Wells Fargo & Company – $270B
Notably, the combined market cap of the 27 banks on the list (excluding the two credit unions and Barclays) is $3.7 trillion—still smaller than Microsoft’s market cap.
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