Last year was one of recovery for US banks. Although most of them performed surprisingly well, given the scale of the disruption early in the Covid-19 pandemic, 2021 nonetheless saw a year of significantly increased profits and profitability for many.
It was also a year of change in our best-performing banks ranking. Discover Financial Services, which failed to make the overall top 10 in the 2021 table, has topped our ranking this year. It is also joined by five other new entrants — Silicon Valley Bank (SVB), Ally Financial, Wells Fargo, Citizens Bank and US Bancorp.