Showing 10 out of 25 companies.
JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd, Bank of America Corp, China Construction Bank Corp, and Agricultural Bank of China Ltd are the top 5 Global Banks in 2023 by market capitalization (as of Mar 31, 2023). Comprehensively, the top 10 Global banks companies in the world had a total market cap of $1,879,696 million (as of Mar 31, 2023), with JPMorgan Chase & Co having the highest ($383,549 million), followed by Industrial and Commercial Bank of China Ltd ($235,043 million), and Bank of America Corp ($228,780 million), while Royal Bank of Canada is the lowest ($132,542 million).The United States-based JPMorgan Chase & Co is the world’s leading bank by market cap. The company reported revenues of $154,792 million for the fiscal year ended December 2022 (FY2022), an increase of 60.4% over FY2021. The company includes certain commercial banking services such as corporate client banking; government, not-for-profit, and healthcare banking. It employs 293,723 people. Industrial and Commercial Bank of China Ltd is another leading bank in the world by market cap. The company reported revenues of $228,866 million for the fiscal year ended December 2022 (FY2022), an increase of 30.68% over FY2021. It is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds, and employs 427,587 people.
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The five largest banks by market capitalization are JPMorgan Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank. A commercial bank offers basic banking services, creates capital, and provides liquidity to the financial system.
What are the 30 biggest banks in the world? ›
By total assets
| Rank | Bank name | hide Total assets (2023) (US$ billion) |
|---|
| 1 | Industrial and Commercial Bank of China | 6,303.44 |
| 2 | Agricultural Bank of China | 5,623.12 |
| 3 | China Construction Bank | 5,400.28 |
| 4 | Bank of China | 4,578.28 |
96 more rowsThe 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank. Holding trillions of dollars in combined assets, the 10 largest banks in the country offer various financial products.
What are the top 4 banks in the world? ›
Top banks in the world in 2024
| Rank & Bank | Headquarters | Market Cap |
|---|
| #1 JPMorgan Chase | New York, USA | $604.48 billion |
| #2 Bank of America | North Carolina, USA | $300.76 billion |
| #3 Industrial and Commercial Bank of China Limited (ICBC) | Beijing, China | $258.00 billion |
| #4 Agricultural Bank of China | Beijing, China | $217.33 billion |
6 more rowsSep 9, 2024
Top 50 Banks in the World
| Current Rank | Previous Rank | Bank |
|---|
| 1 | 1 | Industrial & Commercial Bank of China Limited |
| 2 | 2 | China Construction Bank Corporation |
| 3 | 3 | Agricultural Bank of China Limited |
| 4 | 4 | Bank of China Limited |
46 more rowsBiggest Banks in the World 2024
- Industrial and Commercial Bank of China (ICBC) Total Assets: $6.118 Trillion. ...
- Wells Fargo. Total Assets: $1.886 Trillion. ...
- HSBC. Total Assets: $2.989 Trillion. ...
- Morgan Stanley. Total Assets: $1.199 Trillion. ...
- China Construction Bank (CCB) Total Assets: $5.376 Trillion.
A chart showing the top 10 largest US banks by asset, March 2024.
- JPMorgan Chase – $3.5 trillion. ...
- Bank of America – $2.6 trillion. ...
- Wells Fargo – $1.7 trillion. ...
- Citibank – $1.7 trillion. ...
- U.S. Bank – $669.4 billion. ...
- PNC – $562.0 billion. ...
- Goldman Sachs – $549.2 billion. ...
- Truist Bank – $526.7 billion.
The World Bank Group
- International Bank for Reconstruction and Development (IBRD)
- International Development Association (IDA)
- International Finance Corporation (IFC)
- Multilateral Investment Guarantee Agency (MIGA)
- International Centre for Settlement of Investment Disputes (ICSID)
What Is the Richest Bank in America? JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets.
What is the strongest U.S. Bank? ›
The Bankrate promise
| RANK | BANK NAME | TOTAL ASSETS |
|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
11 more rowsJun 27, 2024
| # | Institution | # Emp |
|---|
| 1 | JPMorgan Chase & Co. | 227,738 |
| 2 | Bank of America Corporation | 134,314 |
| 3 | Wells Fargo & Company | 198,788 |
| 4 | Citibank | 177,763 |
42 more rowsThe only tier one investment bank might be JPMorgan Chase because it ranks first or second globally across most product areas. Tier two would be Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, and Citigroup. Examples of tier three would be UBS, BNP Paribas, and SocGen.
Which bank is the most financially stable? ›
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
What are the top 5 safest banks? ›
The top 10 safest banks in the U.S.
| Bank | The Ascent's Rating | FDIC Insured? |
|---|
| Capital One | 4.50 | Yes |
| American Express® National Bank | 4.50 | Yes |
| Quontic | 4.50 | Yes |
| Chase | 4.50 | Yes |
6 more rowsAug 21, 2024
Industrial and Commercial Bank of China Ltd., with assets of $6.303 trillion, retained its place as the world's biggest bank as the Chinese megabanks occupied the top four positions.
What are the biggest banks in terms of market cap? ›
- JP Morgan Chase, USA.
- Bank of America, USA.
- ICBC Bank, China.
- Agricultural Bank of China, China.
- Wells Fargo, USA.
- China Construction Bank, China.
- Bank of China, China.
- HDFC Bank, India.
1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.
Which bank has the highest market value? ›
FAQs. 1. Which bank has the highest market cap in the world? US's JP Morgan Chase has the highest market cap (as of September 2024) among all banks in the world at $619.19 billion.
Which US banks have the largest market cap? ›
As of December 31, 2023, the market capitalization of JPMorgan Chase amounted to 491.76 billion U.S. dollars, making it the largest bank in the United States. By this measure, the second-largest bank was Bank of America, followed by Wells Fargo.
