Image credit: Polka Dot/Thinkstock.
Where are the 10 biggest banks in America headquartered?
Continue Reading Below
You may be surprised to discover in the slideshow below that only two of them -- JPMorgan Chase and Citigroup -- are in New York City, the financial capital of the United States (and the world).
The rest are scattered across the country, with two in North Carolina (Bank of America and BB&T ), one in California (Wells Fargo ), one in Virginia (Capital One Financial ), and one in Minnesota (US Bancorp ), among other places.
Having a sense for the geographic landscape of the bank industry is important because banking is still a largely local endeavor, particularly for banks smaller than the big four -- JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Additionally, because the bank industry is still in the throes of consolidating, a particular bank's physical footprint could make it more or less susceptible to a merger or acquisition.
I created the brief slideshow below with this in mind. By scrolling through it, you can get a sense for the geographic strongholds of America's 10 biggest banks.
Data source: Quarterly earnings releases from JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, US Bancorp, PNC Financial, Capital One Financial, BB&T, SunTrust Banks, and Fifth Third Bancorp.
The article A Map of the 10 Biggest Banks in America originally appeared on Fool.com.
John Maxfield has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Wells Fargo. The Motley Fool has the following options: short January 2016 $52 puts on Wells Fargo. The Motley Fool recommends Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.