What Is the Biggest Bank in America?
Thanks to the immense amount of leverage inherent in a bank's business model, the biggest banks in the country also tend to be the biggest companies. You can see this by looking at JPMorgan Chase (NYSE: JPM), the largest bank in America.
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A bank's size is generally denoted by the combined value of assets on its balance sheet. In JPMorgan Chase's case, that would be $2.6 trillion. To put this into context, aside from banks and insurance companies, the next biggest company on the S&P 500 is AT&T, at $444 billion in assets. That's big, no doubt, but it pales in comparison to JPMorgan Chase.
Source: Fool.com
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