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Top 20 most valuable banks in the world 2022

Victor Mochere by Victor Mochere
in Business
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Top 20 most valuable banks in the world

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

Tags: Banks
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Victor Mochere is a blogger, social media influencer, and netpreneur creating and marketing digital content.

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