So far this year, the S&P Banks Select Industry Index has risen 3.5%, lagging the S&P 500 Index's rally of 25.1%. Today, we will discuss the three best-performing S&P 500 banks, JPMorgan Chase & Co. ( JPM - Free Report ), Wells Fargo & Company ( WFC - Free Report ) and Bank of New York Mellon Corporation ( BK - Free Report ) or BNY Mellon. Before we proceed to check out these three top-performing banks in detail, let's see how they have fared. The chart below shows the price performance of these banks in the year-to-date period. Image Source: Zacks Investment Research JPMorgan Chase: This banking behemoth tapped an opportunity to strengthen its balance sheet amid turbulence in the banking space. JPMorgan acquired First Republic Bank, the third largest bank to collapse in 2023, for $10.6 billion in an FDIC-assisted deal. Following the transaction, JPMorgan's balance sheet has swelled to almost $3.9 trillion.