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Here are the 11 biggest banks in America

Rachel Butt   

Here are the 11 biggest banks in America

Wall Street has been dealing with tough market conditions.

Banks stocks took a hit as a summer rate hike is likely off the table following the disappointing US jobs report and other economic data.

Regulators have upped their scrutiny since the financial crisis, and some alternative lenders are eager to fill the vacuum left by banks.

Millennials are increasingly opting for digital banking services, and a flurry of fintech companies are set to steal market share.

The 2016 Fortune 500 list out Monday ranked the largest publicly traded corporations in the United States by revenue for the 2015 fiscal year. Overall, profits tanked 11% from last year, and market value shrunk by 2.6% from last year to $17 trillion.

Among the biggest publicly traded commercial banks in the US as measured by 2015 revenue, JPMorgan Chase seems to be navigating the post-financial crisis world the best with $101 billion in revenue. That's followed by Bank of America, which has been firing traders to lower costs.

The ranking does not include banks incorporated outside of the US, private companies not filing with the government, banks incorporated outside the US, and US companies consolidated by other companies.

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