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

FAQs

Which bank has highest market Capitalisation in world? ›

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.