The article ranks the four largest U.S. banks from best buy to worst: JPMorgan Chase, Citigroup, Bank of America and Wells Fargo. JPMorgan Chase, with nearly $5.1 trillion in assets, is called the best-in-class bank, typically earning an ROTCE above 20% versus a 17% long-term target, but it already carries a premium valuation. Citigroup, under CEO Jane Fraser since 2021, is seen as having more upside, with a near-term ROTCE target of 11% to 13% and a 14% to 15% goal for 2029 to 2031, while trading near 1.3x tangible book value. Bank of America's large held-to-maturity bond portfolio, yielding 1.94%, weighs on earnings, though its low-cost deposit base could benefit if rates rise. Wells Fargo ranks last because much of its near-term gain has already been made in recent years.
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