List of largest banks
The following are lists of the largest
By market capitalization
The list is based on Forbes ranking as of January 2024 based on an analysis of the bank's operations, financial performance, and overall impact on the global economy.
Many of the largest banks in the world are part of larger bank holding companies. This structure allows them to offer various financial services, making them more resilient and competitive in the global market.[1]
Here's a table showcasing the ten largest banks in the world, ranked by their market caps (as of January 2, 2024).
Rank | Bank name | Market cap (US$ billion) |
---|---|---|
1 | JPMorgan Chase | 491.76 |
2 | Bank of America | 266.45 |
3 | Industrial and Commercial Bank of China | 219.45 |
4 | Wells Fargo | 178.74 |
5 | Agricultural Bank of China | 175.69 |
6 | HDFC Bank | 169.84 |
7 | HSBC Holdings PLC | 156.13 |
8 | Morgan Stanley | 153.05 |
9 | China Construction Bank | 151.97 |
10 | Bank of China | 150.39 |
By total assets
This list is based on the April 2023
Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks.[4] If Goldman Sachs reported under the IFRS, it would be ranked 17th on the list as of 2023[update], rather than 26th.[2]
Banks by country or territory
Rank | Country | Number |
---|---|---|
1 | China | 20 |
2 | United States | 11 |
3 | Japan | 8 |
4 | Germany | 7 |
5 | France | 6 |
Canada | 6 | |
South Korea | 6 | |
8 | Australia | 5 |
United Kingdom | 5 | |
10 | Spain | 3 |
Netherlands | 3 | |
Singapore | 3 | |
Brazil | 3 | |
14 | ||
Italy | 2 | |
Russia | 2 | |
Sweden | 2 | |
18 | Switzerland | 1 |
India | 1 | |
Finland | 1 | |
Denmark | 1 | |
Belgium | 1 | |
Austria | 1 | |
Norway | 1 | |
Qatar | 1 |
* Includes all beneath counted banks of member states of the European Union
See also
- List of systemically important banks
- List of largest banks in Africa
- List of largest banks in the Americas
- List of largest banks in North America
- List of largest banks in Latin America
- List of largest banks in Southeast Asia
- List of largest banks in the United States
- List of banks in Europe
- List of banks in Asia
- List of banks in Oceania
- List of banks in Africa
References
- ^ "The 10 largest banks in the world by market capitalization as of January 2024".
- ^ a b c Khan, Zia; Terris, Harry; Meggeson, Ben (26 April 2023). "The world's 100 largest banks, 2023". spglobal.com. S&P Global Market Intelligence. Retrieved 16 June 2023.
- ^ Banker, The. "Top 1000". www.thebanker.com. Retrieved 26 August 2023.
- ^ "World's 100 Biggest Banks: China's ICBC #1". Forbes. 12 February 2014.