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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.
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.
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.
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.
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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.
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.
Of the ranking of the biggest banks in the world, with the top 30 retail banks ranked by market capitalization:
Industrial and Commercial Bank Of China Ltd
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
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