Financial Services - Top 10 Banks in the World by Market Capitalization (2024)

FAQs

What are the top banks in the world by market capitalization? ›

The largest five banks by market capitalization are JP Morgan & Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank. The sixth through eighth largest banks, while smaller in market cap than the top five, are still significantly large.

The 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.

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), ...

Major Players in the Industry. The global financial services market is dominated by major companies including Visa Inc. (NYSE:V), JPMorgan Chase & Co. (NYSE:JPM), Mastercard Incorporated (NYSE:MA), and Bank Of America Corporation (NYSE:BAC).

The top five banks in America are JPMorgan Chase, Bank of America, Citibank, Wells Fargo and U.S. Bank. These are the largest U.S. banks by assets and among the largest in the world.

Industrial and Commercial Bank of China (ICBC)

The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets.

BlackRock, Vanguard, Fidelity, State Street Global Advisors, and J.P. Morgan Asset Management are the five largest financial advisory firms in the United States, ranked by assets under management (AUM). The size of these firms allows them to offer a multitude of services to their clients.

The top global financial cities are New York City, London, Singapore, Hong Kong, and San Francisco, as determined by the GFCI 34 rankings. Other important financial centers around the world include Shanghai, Frankfurt, Zurich, Tokyo, and Chicago.

Who is the largest provider of financial services? ›

HSBC Holdings PLC, UK – €2597.14 billion. BNP Paribas SA, France – €2554.20 billion. Crédit Agricole Group, France – €2,351.61 billion. Barclays PLC, UK – €1,648.16 billion.

They employed a total of 2,715,005 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue).

JPMorgan Chase Bank of New York, USA, with the market capitalization value of $459.95 billion, holds the title of largest bank in the world. Check the list of top-10 largest banks in the world.

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. Agricultural Bank of China Ltd.