Top 5 best banks in America

America's best banks ever


Today’s times constitute a bad age for banking and financial companies as well, and the experiences many Americans have with. However, since the financial crisis the banks have made great strides and are constantly improving their states. Better balanced sheets, credit metrics and underlying asset values continue to recover, but still the recession wasn’t so long ago and the economic growth has hit serious headwinds. The best banks are ranked by some metrics including return on average equity, nonperforming loans (NPLs), best bank rates, net interest margin, reserves as a percentage of NPLs and others. Very soon will be decided which of the large American banks will be approved to return more capital to their shareholders via stock buybacks and higher dividends.

However, we’ve came up here to tell you the best national banks. Probably you walk by most of these banks every day, so I don’t think there will be unknown for many of you. Take a look at these America’s best banks ever that are in no particular order.

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo is a bank based in San Francisco founded in 1852 and is one of the most popular over the world. Year over year, the bank’s quarterly income from fees from residential mortgages rose about 30 percent to $3.1 billion. Approximately, one in three American households is having a deal with Wells Fargo and so there shall be no questions how the bank managed to be named Best Corporate/Institutional Internet Bank in North America in both 2011 and 2012. It has $1.4 trillion in assets and mainly focuses it on Wealth, Brokerage and Retirement; Wholesale Banking and Community Banking.

Bank of Hawaii

Bank of Hawaii

Bank of Hawaii

The Bank of Hawaii (BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, whose conservative strategy was vindicated during the reckless 2000′s. It is the second oldest bank in Hawaii dating from 1897. The Bank of Hawaii’s success is mainly by “sticking to a conservative policy on loans at a time when many banks were lured into risky real estate deals”. The Bank of Hawaii is consisted of four business segments: treasury, retail banking, investment services and commercial banking.

JP Morgan Chase

JP Morgan Chase

JP Morgan Chase

Headquartered in New York City, JP Morgan Chase is one of the best banks in the United States for several years. With total assets in excess of $2.5 trillion, it is also the largest bank in the U.S., although it operates in more than 60 countries. JP Morgan Chase is also a leader in global investments and one of the largest asset and wealth managers in the world. Much of Chase’s huge growth in the financial market is due to its acquisition of some big U.S. banks over the past decade, including Ban One, Washington Mutual, Chase Manhattan Bank and Bear Stearns.

UMB Financial

UMB Financial

UMB Financial

UMB Financial Corporation is a Kansas City-based bank that offers complete banking, asset servicing, payment solutions and institutional investment management to customers. The bank today holds $10.2 billion in assets owning largely to the same conservative approach as Bank of Hawaii exhibited. The key to UMB’s success is regional banking, when rather than expanding throughout the U.S., UMB stuck to its own territory building relationships with their customers.

Citigroup

Citigroup

Citigroup

Citigroup Inc. has asset of $1.8 trillion and is also one of the best banks in America. Based in New York, Citigroup operates in more than 140 countries and it has positioned itself as a leading provider of broad-based financial services and products, from consumer and investment banking to wealth management and securities brokerage. Citigroup cemented its powerhouse status in 1998 when it merged Citicorp with financial conglomerate Travelers Groups (one of the largest mergers in world history).

Goran Nikolov is a content writer of Protista, a website where you can find a lot of interesting lists. He is from Macedonia and has a passion to write lists about everything that surrounds him, especially about sports, health, music, technology and history. Goran loves to play basketball in his free time, enjoys playing on his guitar and sharing his thoughts with others.