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

Showing 10 out of 25 companies.

JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd, Bank of America Corp, China Construction Bank Corp, and Agricultural Bank of China Ltd are the top 5 Global Banks in 2023 by market capitalization (as of Mar 31, 2023). 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), while Royal Bank of Canada is the lowest ($132,542 million).The United States-based JPMorgan Chase & Co is the world’s leading bank by market cap. The company reported revenues of $154,792 million for the fiscal year ended December 2022 (FY2022), an increase of 60.4% over FY2021. The company includes certain commercial banking services such as corporate client banking; government, not-for-profit, and healthcare banking. It employs 293,723 people. Industrial and Commercial Bank of China Ltd is another leading bank in the world by market cap. The company reported revenues of $228,866 million for the fiscal year ended December 2022 (FY2022), an increase of 30.68% over FY2021. It is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds, and employs 427,587 people.

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


Which bank has highest market Capitalisation in world? ›

JPMorgan Chase

What are the top 10 financial institutions? ›

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.

What are the big 5 banks by market cap? ›

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.

Who is the largest financial services company? ›

Largest financial service companies by market cap
1Visa 1V1.19%
2JPMorgan Chase 2JPM0.80%
3Mastercard 3MA1.29%
4Bank of America 4BAC1.44%
57 more rows

What is the most profitable bank in the world? ›

China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue).

What is the strongest US bank? ›

JPMorgan Chase – $3.5 trillion

Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets. The bank operates 4,912 domestic branches and 32 foreign branches.

What banks are Tier 2? ›

The only tier one investment bank might be JPMorgan Chase because it ranks first or second globally across most product areas. Tier two would be Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, and Citigroup. Examples of tier three would be UBS, BNP Paribas, and SocGen.

Which bank makes the most revenue? ›

Leading commercial banks in the U.S. 2022, by revenue

In 2022, J.P. Morgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of 128.7 billion U.S. dollars.

What bank ranks by asset size? ›

List of largest banks in the United States
RankBank nameTotal assets (billions of US$)
1JPMorgan Chase$3,874
2Bank of America$3,181
4Wells Fargo$1,932
69 more rows

Who are the top 50 banks in the world? ›

Chinese Banks Keep on Growing
1Industrial and Commercial Bank of China🇨🇳 China
2China Construction Bank Corp🇨🇳 China
3Agricultural Bank of China🇨🇳 China
4Bank of China🇨🇳 China
46 more rows
Mar 19, 2024

Is HSBC bigger than Citibank? ›

Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. HSBC, one of the largest banking and financial services institutions in the world, serves millions of customers through its four Global Businesses.

What are the top 4 financial services firms? ›

They are Deloitte, EY, KPMG and PwC. Each provides audit, tax, consulting and financial advisory services to major corporations.

What are the top 10 financial firms? ›

Top 10 Banks in the US in 2021 by Revenues
  • JPMorgan Chase & Co. Financial Services. ...
  • Bank of America Corp. Financial Services. ...
  • Citigroup Inc. Financial Services. ...
  • Wells Fargo & Co. Financial Services. ...
  • The Goldman Sachs Group Inc. Financial Services. ...
  • Morgan Stanley. Financial Services. ...
  • Capital One Financial Corp. ...
  • U.S. Bancorp.

What is the most trusted financial service company? ›

Visa ranked first as the most trusted financial brand in the United States in 2023, with a net trust rating of 53 points. Mastercard and PayPal came next, making to the top three most trusted brands in the banking, investments, and payments category in the U.S.

Who has the highest market Capitalisation? ›


Which bank has the largest assets in the world? ›

Forty-seven banks fell in the ranking, while 29 rose and 24 maintained their places. 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.

Which bank has the most market share? ›

JPMorgan Chase is undoubtedly one of the leading financial services companies in the United States. It does not only rank first in terms of market share of total assets, but it also has the largest market capitalization and value of total and domestic deposits.

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