June 03, 2013

JPMorgan Chase remained the largest U.S. bank by asset size for the first quarter of 2013, according to financial research firm SNL Financial.

JPMorgan Chase retained the top spot from the 4th quarter of 2012, with $2.389 trillion in total assets, followed by Bank of America with $2.17 trillion in total assets, Citigroup with $1.88 trillion and Wells Fargo with $1.43. No other banks had more than $1 trillion in assets.

The "big four" banks were followed by BNY Mellon, U.S. Bank and HSBC North America, as the top 7 remained unchanged from the fourth quarter of 2012. PNC moved up one spot to eighth, switching places with Capital One. TD Bank rounded out the top ten, replacing State Street Corp., which fell to 11th.

The largest jumps in the top 50 included Chicago-based BMO Financial Corp., moving up to No. 19 from No. 21, and Pasadena, Calif.-based East West Bancorp Inc., jumping to No. 48 from No. 50, according to SNL.

[See Also: JPMorgan Chase is Now Largest Bank in the U.S]

ABOUT THE AUTHOR
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 ...