The Largest US Banks by Total Assets, Read From Their Own SEC Filings
JPMorgan Chase reported total assets of $5.02 trillion at 30 June 2026. That is more than Bank of America's $3.50 trillion plus a third of Citigroup's. Below is the table for eleven of the largest US bank holding companies, read from the balance sheets they filed with the SEC.
Every figure comes from the company's 10-Q for the quarter ended 30 June 2026, the latest quarter all eleven had filed when we read them on 27 October. Each balance sheet was checked against Assets = Liabilities + Equity before it went in the table, and all eleven pass with no difference at all.
The table
| # | Bank holding company | Total assets | Customer deposits | Equity | Equity / assets |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase | $5,015.07B | $2,713.70B | $374.60B | 7% |
| 2 | Bank of America | $3,499.19B | $2,025.12B | $301.09B | 9% |
| 3 | Citigroup | $2,894.65B | $1,492.61B | $214.45B | 7% |
| 4 | Wells Fargo | $2,282.20B | $1,501.41B | $182.32B | 8% |
| 5 | Goldman Sachs | $2,127.71B | $557.96B | $122.74B | 6% |
| 6 | Morgan Stanley | $1,675.06B | $446.07B | $117.44B | 7% |
| 7 | U.S. Bancorp | $725.92B | $532.07B | $67.90B | 9% |
| 8 | Capital One | $673.84B | $484.26B | $113.79B | 17% |
| 9 | PNC | $616.03B | $449.79B | $64.06B | 10% |
| 10 | Truist | $556.02B | not read | $64.10B | 12% |
| 11 | Charles Schwab | $517.27B | $249.68B | $50.15B | 10% |
Equity includes noncontrolling interests where the filer reports them. The Truist deposits cell is blank because our read of its filing did not pick out a separate deposits line. Truist reports deposits; we would rather leave the cell empty than fill it with a guess. The total, which the check depends on, was read normally.
What this list is, and what it is not
It is a ranking of holding companies, because the holding company is what files with the SEC. JPMorgan Chase & Co. owns JPMorgan Chase Bank, N.A., and it also owns broker-dealers, asset managers and other subsidiaries. Its total assets cover all of them.
The Federal Reserve's large commercial banks release ranks something different: the chartered bank subsidiaries. A bank's own assets are usually smaller than its parent's, sometimes by a lot when the parent runs a large trading business. Neither list is wrong. They answer different questions, and quoting a figure from one beside a rank from the other is a common way to end up with two numbers that do not match.
It is also not a complete list. Custody banks such as BNY and State Street are not in this table, and neither are the US arms of foreign banks. We picked eleven of the largest holding companies that file 10-Qs, and every number in the table can be traced to one filing.
Two kinds of bank in one table
Look at deposits as a share of total assets and the table splits in two.
- Deposit-funded banks. At U.S. Bancorp, PNC and Capital One, customer deposits are 72% to 73% of total assets. At Wells Fargo it is 66%, and at JPMorgan, Bank of America and Citigroup it is between 52% and 58%. These banks fund most of what they lend with money their customers have left with them.
- Market-funded banks. At Goldman Sachs and Morgan Stanley deposits are 26% and 27% of total assets. The rest of their funding comes from borrowing, repurchase agreements and other market sources, which reprice faster and can leave faster.
Charles Schwab sits between the two at 48%. It is a brokerage that owns a bank, and a large part of its balance sheet is client cash swept into that bank.
Why equity is a thin slice
Ten of the eleven run on 12 cents of equity or less per dollar of assets. Goldman Sachs is lowest, at about 6%. For a manufacturer or a software company that would be unusual. For a bank it is the business: a bank earns a thin spread between what it pays for funding and what it earns on loans and securities, and that spread only adds up to a return worth having if equity is small relative to the assets it supports. We wrote that argument out in why bank balance sheets are different.
Capital One is the outlier at 17%. Most of its assets are loans, a large share of them credit card balances, and its balance sheet also carries $31.87 billion of goodwill and $16.08 billion of other intangibles, both inside total assets. The ratio in this table is plain arithmetic on the balance sheet. It is not the risk-weighted capital ratio that regulators set limits on, and the two can rank banks differently.
Why we checked before ranking
Bank filings are where naive extraction goes wrong most often. A large bank
reports Assets for the whole group and again for segments and
subsidiaries, and some of those figures are bigger than most companies' entire
balance sheets. A script that takes the first or the largest value can produce
a ranking that looks reasonable and is wrong.
Checking each balance sheet against Assets = Liabilities + Equity is what catches that. Only the consolidated set of figures satisfies the identity, so a table built from figures that pass it is built from the right set. Each filing is checked against Assets = Liabilities + Equity when it reports the lines needed; where it does not, it is marked not testable instead of passing.
Get the figures yourself
Every row links to the company's page, which shows the same balance sheet drawn to scale with the check beside it. The same figures come from the API, with no key for a quick look:
curl https://balanceproof.dev/api/demo/JPMA free key gives 1,000 calls a month. The figures will move when the banks file their 10-Qs for the quarter ended 30 September 2026, due in early November. For how banks' balance sheets read differently from everyone else's, see why bank balance sheets are different. For the check itself, see how we verify.
Figures are as reported to the SEC. Not financial advice.