Despite muted economic forecasts for both the US and Canada, North America’s largest banks by Tier 1 capital have performed well and almost all of them have expanded their capital positions.
JPMorgan leads the pack for the fourth consecutive year, with $200.48bn Tier 1 capital, 7.42% higher than 2015's ranking. This has helped improve its Tier 1 capital-to-assets ratio, a measure of soundness, which is now at 8.52%. In 2015’s ranking it was 7.25%. Almost all the largest US players kept a firm grip on their place in the rankings. Only a few places swapped in the lower half of the regional table, and the entrance of M&T Bank Corporation in 24th place displaced KeyCorp in this year’s list.