Big Banks continue to rise to the top with high safety ratings

Weiss Ratings review of third quarter 2018 data reveals JPMorgan Chase Bank (Rated B+), on top of recommended list of strongest U.S. Banks, with over $2.19 Trillion in assets. Other big banks that made the list, were Branch Banking and Trust (BB&T) (Rated B+) and Ally Bank (Rated A-) with at least $150 billion in assets.

Weiss recommends that consumers do business with banks rated B+ or higher, regardless of government guarantees. This provides consumers with two layers of protection: the financial strength of the institution on its own merits plus FDIC insurance. The number of banks on the Weiss recommended list (B+ or Higher) has stayed consistant over last year (from 28.4% to 28.3%).

Meanwhile, other consumer big banks such as, Bank of America, Wells Fargo, Citibank and Bank of New York have a B rating, considered good with an excellent stability rating factor.

For a complete list of Weiss Ratings’ strongest and weakest banks, visit www.weissratings.com