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JPMorgan Chase Remains Top Bank by Asset Size

A report by SNL Financial indicates that the top five spots remain the same.

JPMorgan Chase remained the number one U.S. bank by total asset size for the fourth quarter of 2011, according to data from Charlottesville, Va.-based information services firm SNL Financial.

JPMorgan ($2.25 trillion) and Bank of America ($2.13 trillion) remained the only banks with more than $2 trillion in assets and more than $1 trillion in deposits, said SNL.

Citigroup ($1.87 trillion), Wells Fargo ($1.31 trillion) and U.S. Bancorp ($340 billion) rounded out the top five, which remained the same as the previous rankings, done in the third quarter of 2011.

However, after the top five, many companies saw their rankings rise or fall, according to SNL. Capital One and Bank of New York Mellon swapped spots, with Capital One moving to No. 6 and Bank of New York Mellon moving to No. 7, followed by PNC Financial and HSBC North America changing positions, with PNC Financial overtaking HSBC for eighth place.

The largest rises in rank were seen by UnionBanCal Corp., Charles Schwab Bank and First Republic Bank, each moving up by two spots.

SNL's data is pro forma for pending M&A deals and transactions that have closed since Dec. 31, 2011.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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