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    An Analysis of the World’s Largest Banks by Market Cap

     

    The financial landscape is dominated by several of the world’s largest banks. These institutions have a significant impact on the global economy and the financial strategies of nations and businesses. This article examines the world’s largest banks based on market capitalization, a key indicator of a bank’s financial strength and stability.

    Market capitalization, or market cap, is a measure of a company’s size that is calculated by multiplying the number of outstanding shares by their current market price. By using market capitalization as a metric, we can determine the value that investors assign to these financial titans. Here is a list of the world’s largest banks according to their market capitalization.

    1. (United States) JPMorgan Chase & Co.
      JPMorgan Chase & Co., one of the largest and oldest financial institutions in the United States, is the world’s largest bank by market capitalization. JPMorgan Chase’s position as a global banking powerhouse has been solidified by its diverse array of financial services, which includes retail banking, investment banking, and asset management.
    2. Bank of America (United States), United States
      Bank of America is another American banking industry titan with a vast branch and ATM network. Bank of America, which provides services such as consumer banking, wealth management, and investment banking, is a formidable force among the world’s largest banks.
    3. China’s Industrial and Commercial Bank (ICBC) (China).
      In terms of total assets, ICBC is the largest bank in China and one of the largest banks worldwide. ICBC, which was founded in 1984, has expanded its global reach and now offers a vast array of financial services, including retail banking, corporate banking, and investment banking.
    4. United States’ Wells Fargo.
      Wells Fargo, headquartered in San Francisco, is another American behemoth with a lengthy history dating back to 1852. Despite recent controversies, Wells Fargo continues to be one of the world’s largest banks by market capitalization, offering services such as consumer banking, commercial banking, and wealth management.
    5. China’s China Construction Bank
      China Construction Bank is one of China’s four “big four” state-owned banks. With a vast network of branches and ATMs throughout China, it is a major player in the banking industry. It offers corporate banking, retail banking, and investment banking services.

     

    These five institutions represent some of the world’s most influential financial institutions. Their size and market capitalization attest to their stability and the trust placed in them by investors. While the list of the world’s largest banks is constantly evolving, these financial institutions continue to have a significant impact on the global economy. Their market capitalizations not only represent their financial strength, but also their enduring impact on the global financial markets. As the global banking industry evolves, these banks will continue to adapt and expand, thereby influencing the future of finance.

     

    What does the largest banks in the world by market capitalization mean?

    The phrase “largest banks in the world by market cap” refers to a ranking of banks based on their market capitalization, a measure of their financial size and stability. Capitalization on the market, or market cap, is the total market value of a company’s outstanding shares. It is determined by multiplying the number of outstanding shares by their current market value.

     

    By ranking banks based on their market capitalization, we can evaluate their relative size and financial strength relative to other banks. A higher market capitalization indicates a more valuable and stable bank, as it reflects investor confidence in the company’s future performance and prospects.

     

    What does it mean to be the world’s largest banks by assets?

    The largest banks in the world by assets refers to a ranking of banks based on their total assets, an additional indicator of their financial size and stability. The assets of a bank include, among other things, cash, loans, securities, and investments. By ranking banks by their total assets, we can evaluate their relative size and financial strength in comparison to other banks. A bank with a greater amount of assets is typically larger and more stable, as it has more resources to manage risks and support its operations. This metric is commonly used to compare the size and influence of global financial institutions.

    Ranking the largest banks in the world by revenue, of the top 10, 4 are from China, 3 from the USA and one each from Brazil, Spain and UK.

     

    Contact us for Business Bank account opening 

     

    Ranking largest banks in the world by assets measures the total of the share capital and accumulated profits belonging to the bank, without taking into account the money belonging to customers. Of the top 15 banks by total assets in the last full year reported which was 2019, the first 4 are all Chinese banks which are partly or totally government-owned. USA and Japan have 4 banks each, France has 2 and UK has one.

    List of TOP largest banks in the world

    While it is not possible yet to provide a list of the biggest banks in the world in 2021, the expected growth rate of bank revenue has been severely affected by the economic effects of the COVID-19 pandemic. At the beginning of 2020, the projected annual growth rate for 2021 and 2022 was 6% per year. It remains uncertain what the actual rate for 2021 will be, but the likelihood of stability coming by 2022 should see that rate being achieved.

     

    There is not likely to be any change in the ranking of the top 10 largest banks in the world.

     

    Since there are no global measures for ranking of banks in the world, one accepted measure is to take the accepted list of banks classified as “too big to fail”. This terminology came into effect after the global banking crisis in 2008, and is now almost universally applied. These banks are labeled by authorities as systemically important financial institutions, due to the degree of influence they hold in global and domestic financial markets.

    1. It is not possible to provide comparative figures of the biggest investment banks in the world, since some are privately controlled operations, and others are wholly-owned subsidiaries of other institutions (eg. Bank of America Securities, Barclays Investment Bank etc.).
    2. In the ranking of the biggest investment banks in the world, of the top 20 investment banks, 8 are from the USA, including the top 5. Other countries with more than one are Switzerland with three, and Japan, France, UK and Canada with two each.
      Private banks provide services to large account super-wealthy clients. The measure of is total assets under management (AUM), and of the top 5 banks three are based in USA and two in Switzerland. The biggest private bank in the world is UBS Wealth Management.
    3. The biggest retail banks in the world banks are sometimes referred to as “bricks-and-mortar” or “street-level” banks, in that they have a physical presence of branch structures accessible to the public. Over the past decade, the degree of dependence on physical access rather than electronic access has largely reversed, but the traditional banks are still largely the major players in the world of retail banking.

     

    Of the ranking of the biggest banks in the world, with the top 30 retail banks ranked by market capitalization:

    • 9 are based in the USA
    • 6 in China
    • 3 in Canada
    • 2 each in Japan, UK and Australia
    • 1 each in Spain, France, Russia, India, Brazil and Holland.

    What is the largest bank in the world by market cap?

    Industrial and Commercial Bank Of China Ltd

    Top 20 biggest banks in the world (by Revenue)

    1. Industrial and Commercial Bank of China, China
    2. China Construction Bank, China
    3. Agricultural Bank of China, China
    4. Bank of China, China
    5. Mitsubishi UFJ Financial Group, Japan
    6. HSBC, UK
    7. JPMorgan Chase, USA
    8. Bank of America, USA
    9. BNP Paribas, France
    10. Crédit Agricole, France

    11. Japan Post Bank, Japan

    12. SMBC Group, Japan
    13. Citigroup Inc., USA
    14. Wells Fargo, USA
    15. Mizuho Financial Group, Japan
    16. Banco Santander, Spain
    17. Société Générale, France
    18. Barclays, UK
    19. Groupe BPCE, France
    20. Postal Savings Bank of China, China

     

    Want to know more about the best banks in the world? Click HERE

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