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This Bank Could Be the Next to $1 Trillion in Assets. Should You Buy the Stock Today?
PNCPNC(PNC) The Motley Fool·2024-09-18 10:47

There are only four banks headquartered in the U.S. with more than 1trillioninassets.Therearemorethan4,500banksubsidiariesintheU.S.,accordingtotheFederalDepositInsuranceCorporation.However,thereisawidediscrepancyinsize.FourbanksJPMorganChase,BankofAmerica,Citigroup,andWellsFargoeachhaveatleast1 trillion in assets.There are more than 4,500 bank subsidiaries in the U.S., according to the Federal Deposit Insurance Corporation. However, there is a wide discrepancy in size. Four banks -- JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo -- each have at least 1.6 trillion in assets, while the fifth largest bank has only 664billioninassets.Thenext10banksafterCititotalabout664 billion in assets. The next 10 banks after Citi total about 4.3 trillion in assets, compared to Cha ...