There's not much change on the latest list of the top 50 U.S. banks except that the nation's biggest banks have become even bigger.
Sitting at the top for the last couple of quarters is JPMorgan Chase which took the #1 spot from Bank of America during the third quarter last year. With $2.3 trillion in assets and $1.1 trillion in deposits JPM is hanging on to a comfortable lead, according to the most recent ranking from SNL Financial.
Bank of America which led the big bank list since 2009 is now trailing JPM with its $2.2 trillion in assets and $1 trillion in deposits.
Citigroup remains in the number three slot with $1.9 trillion in assets and $906 billion in deposits. San Francisco-based Wells Fargo is a much farther number four with $1.3 trillion in assets but it does however top Citi's deposit base with $930 billion.
More notably however is that all four of the nation's biggest banks managed to increase both assets and deposits. JPM's assets were up 2.7% and deposits made a small jump by .1%. At BofA assets were up 2.5% and deposits .8%.
At Citi assets rose 3.8% and deposits jumped higher by 4.6%. Wells meanwhile increased assets by 1.3% and deposits by 1.1%.
It also appears that HSBC North America is gaining market share as it moved to the number eight slot from nine last quarter with assets rising 3.8% to $298 billion.
Much of the change on SNL's list of bank rankings is due regulatory changes. SNL explains, "On SNL's previous rankings, some thrifts had to be ranked at the subsidiary level, since banking data was only available for the units, but now most holding companies previously regulated by the [now defunct Office of Thrift Supervision] have to file the same reports as bank holding companies, Form Y-9Cs."
That means some companies were able to move up in the rankings like Charles Schwab which sits at number 19 with $111.5 billion in assets and $62 billion in deposits. Previously only Schwab's subsidiary Charles Schwab bank was ranked and sat in the number 26 slot.
San Antonio-based United Services Automobile Association ranked at No. 20, while its subsidiary USAA FSB was 31st in the previous list. New York-based Deutsche Bank Trust Corp. landed at No. 30, while Deutsche Bank Trust Co. Americas was No. 32 in the previous list. New York-based E*TRADE Financial Corp. at No. 33 retained the ranking previously held by its subsidiary E*TRADE Bank, and IMB HoldCo LLC, parent of OneWest Bank FSB, now files data, though it has moved down to 43 from 41.
There were also a few newcomers who were able to enter the list thanks to recent acquisitions of depository institutions. Raymond James Financial premiered at number 46 thanks to its acquisition of Morgan Keegan. RFJ now has has $22 billion in assets.
See the full list from SNL Financial below:
