Top 10 US Banks

For wise investors having in depth knowledge on how the US banking industry is being operated and determining the most consistent banks is a must. While the recessionary period seems to be coming to an end it makes good fiscal sense to examine the corporations you may be considering for investment purposes.

The ten most successful banks in the United States to date are listed according to statistics as of the 31st of March 2010.

1.Bank of America Corporation Charlotte NC $2,224,539,279
2.JPMorgan Chase -Co. New York, NY $2,031,989,000
3.Citigroup Inc. New York NY $1,856,646,000
4.Wells Fargo - Company San Francisco, CA $1,243,646,000
5.Goldman Sachs Group Inc., New York, NY $849,278,000
6.Morgan Stanley New York, NY $771,462,000
7.Metlife, Inc. New York, NY $539,314,240
8.HSBC North America Holdings Inc. New York, NY $391,332,071
9.Taunus Corporatino New York, NY $369,105,000
10.Barclay's Group US Inc. Wilmington, DE $365,703,204

Brief Summary of the Top 5 US Banks

-- Bank of America Corporation is distinguished as the most affluent bank in the United States of America in terms of its assets and is ranked second in relation to its Market Capitalization. It has an astounding track record with clients in over 150 countries globally. Additionally 99 percent of fortune 500 companies in the US and 83% of those abroad do business with the bank.

-- JP Morgan Chase - Co. is a traditional financial services institution and is known worldwide. It has branches in a total of 60 countries and is a leading competitor in the financial services market with assets estimated at $2 trillion dollars, it also has the highest ranked market capitalization in the Country.

-- Citigroup is a viable financial service institution. It was the offspring of the merger between Citicorp and Travellers group that occurred on the 7th of April, 1998. It has a very extensive network which is inclusive of, 140 countries, with just about 16,000 offices across the globe. It now employs a total of 300,000 staff members and is home to 200 million customer based accounts. It is licensed as a dealer in US treasury securities.

-- Wells Fargo -Co. is a financial services institution which maintains branches all over the globe. When considered by assets, it is the fourth most prominent bank and places third once market capitalization is considered. It is one of the major banks in the subdivision of bank deposits, debit card management and issuing and home mortgage servicing. It performed a cut above the rest in 2007 achieving an AAA rating that was later downgraded to AA-5 as a result of the recent financial crisis that stunted growth.

-- Goldman Sachs Group Inc is a global investment and banking securities firm which provides an exhaustive list of options to investors inclusive of: investment banking, investment management, securities services and other services. Additionally it is licensed as a dealer in United States Treasury securities.

While banking industries will go through a few ups and downs, there are still prominent institutions that tend to be more sound when it comes to investing your money wisely.

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This article is provided for educational and informational purposes only and should not be considered a substitute for financial advice. The information found in this article is provided "AS IS", and all warranties, express or implied, are disclaimed by the author.John write articles about US Banks for http://www.bankbranches.net.