Largest U.S. Banks: Financial Position Entering Earnings Season

This is the financial position of the Big Banks, based on reported financial results at 6-30-12, going into the October earnings season. JPMorgan (JPM) and Wells Fargo (WFC) will report QE 9-30-12 financial results first on Friday, October 12. Citibank (C) reports next on Monday, October 15. Goldman Sachs (GS), Bank of America (BAC), and others will follow, reporting the subsequent Tuesday, Wednesday, and Thursday (October 16, 17, 18).

Total Assets

The 10 Largest USA Banks reported aggregate total assets of $10.69 trillion for the QE 6-30-12. This is a small decrease of -$57 billion and -0.53% from the prior QE 3-31-12, but a strong increase of +$105 billion and +1.00% from the prior year QE 6-30-11.

The 3 largest banks in the USA, JPMorgan, Bank of America, and Citigroup, all reported decreases in total assets as did 5 of the 6 biggest. The remaining 4 reported increases. JPMorgan reported the largest decrease (-$30 billion) followed by Citigroup and Morgan Stanley (MS) (both -$28 billion). BNY Mellon (BK) reported the largest increase (+$30 billion) followed by U.S. Bancorp (USB) (+$12 billion).

Largest USA Banks by Total Assets The Trillion Dollar Club: JPMorgan Chase continues #1 with total assets of $2.29 trillion, Bank of America is #2 with $2.16 trillion, Citigroup is #3 with $1.92 trillion, and Wells Fargo continues #4 with $1.34 trillion. Next are Goldman Sachs at $949 billion and Morgan Stanley at $754 billion. U.S. Bancorp $353 billion, Bank of New York Mellon $330 billion, PNC Financial Services (PNC) $300 billion, and Capital One (COF) at $297 billion round out the top 10.

Capital Ratio
The 10 Largest USA Banks reported an average capital to assets ratio of 10.39% for the QE 6-30-12, an increase from the prior QE 3-31-12 (10.27%). The increase was broad with 8 of the 10 reporting higher ratios. BNY Mellon reported the only notable decrease (from 11.60% to 10.71%) and the Capital One decrease (from 12.55% to 12.54%) was negligible.

Largest USA Banks by Capital Ratio The 10%+ Club: PNC Financial Services, Capital One, Wells Fargo, U.S. Bancorp, Bank of America, and BNY Mellon all have capital ratios greater than 10%, which is very good. Citigroup, JPMorgan, Morgan Stanley, and Goldman Sachs are below 10%.