Banking institutions are indispensable to any nation’s economy and financial setup. They provide borrowing/saving opportunities and other important facilities to the general public and corporate entities. Customers are increasingly likely to rely on the large banks that can provide national or even global services, and which can offer more competitive interest rates. Market capitalization is the cumulative value of a company, including all subsidiaries and commercial assets. The corporate market capitalization is calculated from the stock exchange price of its shares.
Here are the top 20 most valuable banks in the world.
Rank | Bank | Market cap |
1. | JPMorgan Chase & Co. | $433.5 billion |
2. | Bank of America | $306.7 billion |
3. | Industrial and Commercial Bank of China | $290.9 billion |
4. | China Construction Bank | $218.4 billion |
5. | Wells Fargo & Co. | $203.3 billion |
6. | Agricultural Bank of China | $178.8 billion |
7. | Citigroup Inc. | $171.5 billion |
8. | HSBC Holdings PLC | $157.5 billion |
9. | Bank of China | $146.6 billion |
10. | China Merchants Bank | $137.7 billion |
11. | Royal Bank of Canada | $116.6 billion |
12. | HDFC Bank | $112.7 billion |
13. | Toronto-Dominion Bank | $103.3 billion |
14. | Commonwealth Bank of Australia | $101.6 billion |
15. | Morgan Stanley | $93.09 billion |
16. | Sberbank of Russia | $92.82 billion |
17. | Goldman Sachs Group | $91.97 billion |
18. | U.S. Bancorp | $84.91 billion |
19. | Itau Unibanco Holding | $76.29 billion |
20. | Truist Financial Corp | $75.50 billion |
